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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.

Nov 01 2013
Written by Karl Henkel | Posted on The Detroit News

Chrysler Group LLC on Friday said its October U.S. sales rose 11 percent to 140,083, the Auburn Hills automaker’s best October since 2007 and the 43rd straight month of year-over-year sales gains.

Sales of Chrysler’s Ram pickup rose 18 percent to nearly 30,000 last month and sales of Dodge’s Durango SUV — yes, the one from those Ron Burgundy commercials — were up 59 percent to 5,120.

Filed Under: Manufacturing Economy
Nov 01 2013
Written by Craig Trudell | Posted on The Detroit News

Ford Motor Co., a laggard in the U.S. luxury-auto market, said its Lincoln brand sales rose about 30 percent this month as it introduced new advertising for the revamped MKZ sedan ahead of rivals’ holiday promotions.

MKZ led the brand’s gains, surging about 70 percent from a year earlier, when Ford was selling down inventory of the previous model, Kevin Cour, Lincoln’s sales and service operations manager, said Thursday in a telephone interview. The Dearborn-based company introduced the Luxury Uncovered campaign for MKZ on Oct. 9.

Filed Under: Manufacturing Economy
Oct 31 2013

WASHINGTON, D.C. – American Automotive Policy Council President Matt Blunt issued the following statement on the new U.S. Department of the Treasury’s Semiannual Report on International Economic and Exchange Rate Policies.

Oct 30 2013

WASHINGTON, D.C. – American Automotive Policy Council President Matt Blunt issued the following statement on the American Manufacturing Initiative launched by Senator Chris Coons (D-DE).

“The Manufacturing Jobs for America initiative highlights the importance of manufacturing in the United States. American manufacturers have led the economic comeback over recent years and will continue to do so in the future by developing new technologies and practices while relying on traditional American know how and innovation.

Oct 30 2013
Ford Media

The new Ford Fiesta equipped with the award-winning 1.0-liter EcoBoost® engine will be America’s most fuel-efficient non-hybrid, gasoline-powered car with a certified 45 mpg rating on the highway, topping Honda Fit by 12 mpg and Toyota Yaris by 8 mpg on the highway.  

The U.S. Environmental Protection Agency has certified the 2014 EcoBoost-powered Ford Fiesta, arriving at dealers later this year, at 45 mpg highway.

Filed Under: Manufacturing Economy