Manufacturing Economy

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $775 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $125 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $6 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 more than 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 734,000 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 HP, Boeing, and AT&T – 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 auto supplier.

Market Share vs. Jobs Share vs. Parts Share


 

 

 

  • Mar 23 2016

    GMC Blacks Out With Terrain Nightfall Edition

    Written by Greg Gardner | Posted on USA TODAY
    GMC found lots of new ways to give its Terrain SUV a darkened, edgy look -- and it all comes together in the special 2017 Nightfall Edition that will be seen at the New York Auto Show this week.
     
    The vehicle will go on sale this fall and joins the Canyon Nightfall Edition and the all-new Sierra All Terrain X as the latest GMC vehicles to offer a personalized appearance with the Terrain’s premium features.
     
    Filed Under: Manufacturing Economy
  • Mar 23 2016

    2017 Chrysler Pacifica: So Good Your Family Won't Care That It's A Minivan

    Written by Jason Torchinsky | Posted on Jalopnik
    It was when I first noticed the fire-dancers and women writhing in transparent spheres on the water that I fully realized the degree to which Chrysler was Not Screwing Around when it came to the launch of their new minivan, the 2017 Pacifica. This vehicle is very important to Chrysler, and that’s why I had to bring my wife and kid along to see how good it was.
     
    Filed Under: Manufacturing Economy
  • Mar 11 2016

    Ford Establishing Subsidiary To Invest In News Mobility

    Written by Associated Press Staff | Posted on Associated Press

    Ford Motor Co. said Friday that it is establishing a Silicon Valley-based subsidiary to build and invest in new mobility options like car-sharing and ride-hailing services.

    Ford Smart Mobility LLC will be chaired by former Steelcase CEO Jim Hackett, who has been a member of Ford's board since 2013. Hackett resigned his board seat Friday to lead the new company. Ford Smart Mobility plans to name a CEO in the near future.

    The company will operate in Palo Alto, California, and Ford's hometown of Dearborn, Michigan.

    Filed Under: Manufacturing Economy
  • Mar 09 2016

    Chrysler's New Pacifica Minivan Scores On Fuel Economy

    Written by Brent Snavely | Posted on USA TODAY

    The 2017 Chrysler Pacifica will get a combined fuel economy of 22 miles per gallon, putting it near the top of its class among minivans when it goes on sale this spring.

    Fiat Chrysler Automobiles has previously said the Pacifica will have "unsurpassed" fuel economy among minivans but did not provide specifics.

    Now, the EPA has certified the Pacifica at 28 mpg on the highway and 18 mpg in the city for a combined 22 mmpg, according to Fiat Chrysler's website.

    Filed Under: Manufacturing Economy
  • Mar 09 2016

    Missouri’s Cars

    Written by Matt Blunt | Posted on The Kansas City Star

    FCA U.S., Ford and General Motors recently showcased their vehicles at the Kansas City Auto Show, displaying iconic brands such as Jeep, Chrysler, Dodge, Ram, Chevrolet, Buick, Cadillac, GMC, Ford and Lincoln.

    Missouri is an auto state, and it was an honor to lead our great state as governor. FCA U.S., Ford and General Motors’ 265 dealerships employ 15,900 Missourians. The companies’ three facilities employ an additional 10,898 workers. The three companies’ 210 dealerships employ more than 10,400 Kansans. At the three Kansas City facilities, they employ almost 4,000 autoworkers.

    Filed Under: Manufacturing Economy