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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


Aug 28 2014
Automotive News

With its 707 hp and 650 pounds-feet of torque, the 2015 Dodge Challenger SRT Hellcat is the most powerful production car ever to roll out of Detroit. Chrysler recently let buff book enthusiasts sample the $60,000 muscle car, and the scribes have sought to match the roar of the supercharged engine with the screaming sound of their own superlatives. A few examples:

Filed Under: Manufacturing Economy
Aug 28 2014
Ford Media Center

The highly anticipated, all-new Ford Mustang rolls off the line today at Flat Rock Assembly Plant, marking production of the sixth-generation pony car. For the first time in its 50-year history, Mustang will be available globally to customers in more than 120 countries around the world.

The addition of a right-hand-drive Mustang to Ford’s global vehicle lineup will allow the iconic pony car to be exported to more than 25 right-hand-drive markets around the world, including the United Kingdom, Australia and South Africa.

Aug 27 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co.’s Spring Hill complex is on a path that may lead to a doubled workforce and become a vision of GM’s manufacturing future.

The town and its namesake auto plant, 35 miles south of Nashville, were home to Saturn manufacturing for more than a decade before GM stopped assembly operations for nearly three years following its bankruptcy. It became a metaphor for GM’s overreach, its fall and now its resurgence.

Aug 27 2014
Ford Media Center

Designers of the 2015 Ford F-150 had a challenging goal to meet when they set out to reimagine the world’s best-selling pickup: Create an aerodynamic, efficient design that did not compromise the tough, bold looks that define Ford trucks.

The team succeeded.

The new F-150’s structured look features squared-off edges, shapes and surfaces that convey confidence, capability and work readiness. Yet these elements also work together to allow F-150 to slip through the air more efficiently.

Aug 26 2014
Written by Sam McEachern | Posted on GM Authority

The second-generation of Chevrolet’s Equniox SUV has been around since 2009, but its sales are showing no signs of slowing down. Equinox sales have grown each year since its introduction, grouping the SUV with the select models that experience strong sales month after month and year after year, like the Toyota Camry and Honda Accord.

In July, Chevrolet sold 25,300 new Equinoxs, representing growth of 37 percent year-over-year. Additionally, some customers are coming back for seconds, with 27 percent of Equinox owners trading their SUV in for a second newer model.

Filed Under: Manufacturing Economy