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Manufacturing Economy

From research labs to dealership lots, the auto sector supports nearly 8 million U.S. jobs. Exports. The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported nearly $600 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $143 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $17 billion.

Raw Materials and Parts.
The U.S. auto industry is one of the largest consumers of domestic raw materials and parts. Last year, automakers sold nearly 17 million cars in the U.S., and each contained between 8,000 to 12,000 parts, using more than 3,000 pounds of iron, steel, rubber, glass and semiconductors. Approximately 686,000 Americans work at the plants, offices and research labs that produce those parts and materials.

American Research & Development.
Designing those 8,000 to 12,000 auto parts and helping put them together makes autos among the most engineering-intensive industries in the world. In fact, seven out of the world’s top 25 corporate investors in research and development are automakers. General Motors and Ford each invest more each year on research and development than IBM, Qualcomm, and General Electric – and 80 cents of every dollar they invest in research and development is spent here in the U.S. Thanks largely to this investment, nearly one in 10 engineers and scientists in private sector R&D work for an automaker or supplier.

From research labs to dealership lots, the auto sector supports over 7 million U.S. jobs.

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $706 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $104 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $17 billion.

Raw Materials and Parts:

The U.S. auto industry is one of the largest consumers of domestic raw materials and parts. Last year, automakers sold nearly 17 million cars in the U.S., and each contained between 8,000 to 12,000 parts, using more than 3,000 pounds of iron, steel, rubber, glass and semiconductors. Approximately 686,000 Americans work at the plants, offices and research labs that produce those parts and materials.

American Research & Development:

Designing those 8,000 to 12,000 auto parts and helping put them together makes autos among the most engineering-intensive industries in the world. In fact, seven out of the world’s top 25 corporate investors in research and development are automakers. FCA US, Ford and General Motors each invest more each year on research and development than IBM, Qualcomm, and General Electric – and 80 cents of every dollar they invest in research and development is spent here in the U.S. Thanks largely to this investment, nearly one in 10 engineers and scientists in private sector R&D work for an automaker or supplier.

Market Share vs. Jobs Share vs. Parts Share


Jan 05 2015
Written by Christina Rogers | Posted on The Wall Street Journal

General Motors Co.GM -1.69% took journalists by surprise Sunday night when it offered a glimpse of its next-generation Chevrolet Volt plug-in electric vehicle ahead of its official unveiling at the Detroit auto show next week.

The company offered no details about the car. GM officials just opened the curtains for a few minutes–enough to snap a couple photos–and closed them at a press event during the Consumer Electronics Show in Las Vegas.

Filed Under: Manufacturing Economy
Jan 05 2015
Chrysler Media Group

 FCA US LLC began exterior construction on its Windsor (Ont.) Assembly Plant today, using a 600-ton crane to start installing 200 pieces of structural steel to create a new conveyor enclosure on the plant’s roof.

Filed Under: Manufacturing Economy
Dec 23 2014
Associated Press

Production of the Chevrolet Colorado and GMC Canyon pickup trucks at the General Motors plant in Wentzville is providing an economic boost not just in the eastern Missouri town but throughout the region.

The St. Louis Post-Dispatch reports that since GM began producing the midsize pickups this fall, about 10 automotive suppliers in Missouri have begun to supply glass, wheels and acoustic and battery components. That is resulting in more jobs and more security for the suppliers.

Filed Under: Manufacturing Economy
Dec 19 2014
Travelers Today

2015 Mustang Convertible from Ford Motor Company has recently announced that the American multinational automaker will be presenting its newest vehicle for dealership this month. These ragtop luxury cars will be commanding a $5,500 premium over their fastback V-6 and V-8 counterparts.

Filed Under: Manufacturing Economy
Dec 18 2014
Written by Aaron Birch | Posted on GM Authority

On the latest episode of Motor Week, “Television’s Original Automotive Magazine” reviewed the Chevrolet Camaro Z/28 on the twists and bends of Michigan’s Gingerman Raceway.

“The Chevrolet Camaro Z/28 has GM shooting for the stars,” says presenter John Davis. He cites the wealth of performance-minded improvements gained over the basic SS model: carbon ceramic Brembo brakes, interior weight savings measures, 12″ wide rubber front and back, active two-mode exhaust, and race-bred spool-valve dampers, to name a few.

Filed Under: Manufacturing Economy