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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 $74 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $20 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 13 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, eight out of the world’s top 25 corporate investors in research and development are automakers. GM and Ford each invest more each year on research and development than Boeing, Amgen and Google – 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.

Aug 26 2013
Written by Alex Knapp | Posted on Forbes

Last week, Ford Motor F +0.24% Company announced that it is joining up with the St. Petersburg Polytechnic University in Russia on a three year project. Their mission? To study how robots communicate in space so that one day in the future, you’ll have a smarter car.

Aug 26 2013
Automotive News

Chrysler used Detroit's Woodward Dream Cruise to create a little buzz for a new concept truck called the Rumble Bee, surely the first vehicle to come with a genuine insect as standard equipment.

Aug 23 2013
GM News

DETROIT – Chevrolet’s small and compact car sales are up 229 percent year over year, from the second quarter of 2010 to the same quarter this year, evidence of the brand’s continuing success in attracting buyers of all ages including millennials, whose purchase priorities include advanced technology, fuel economy, functionality and affordability.

Chevrolet’s share of buyers under 35 continues to increase year over year, led by vehicles such as the Cruze, Sonic, and, most recently, the Spark mini car. Leading the segment is the Cruze, which is among the top-selling Chevrolet vehicles to those under 25. One in four Sonic and Spark buyers are also under 25, while almost six in 10 buyers of those cars are new to Chevrolet.  

Filed Under: Manufacturing Economy
Aug 23 2013
Written by David Thomas | Posted on Long Island Newsday

The release of an all-new Jeep model is not an everyday occurrence. The radical-looking 2014 Cherokee, which replaces the Liberty, has a simple formula: It looks crazy on the outside and upscale on the inside, makes the most of its interior space and has perfectly acceptable on-road performance and mileage.

The fact that a version of the 2014 Jeep Cherokee can handle extreme off-roading is a bonus, but everyday drivers will find the well-rounded new model a tough crossover to pass over.

Filed Under: Manufacturing Economy
Aug 22 2013
Written by Doug Guthrie | Posted on The Detroit News

The Corvette and I were born the same year.

The Chevrolet sports car is actually eight months older than me, but as I celebrate my 60th birthday Friday, it’s clear we are headed in opposite directions.

The 2014 Corvette Stingray is faster, better looking, more efficient, more capable, and more sophisticated.

 

 

Filed Under: Manufacturing Economy

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