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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.

Sep 15 2014
Chrysler Media Group

The National Hot Rod Association (NHRA) kicked off the “Countdown to the Championship” six-race playoff series on Friday with qualifying at the seventh annual Pep Boys NHRA Carolina Nationals at zMAX Raceway near Charlotte, North Carolina, with three Pro Stock and three Funny Car Mopar drivers battling the field in their respective classes for the coveted crown.

Filed Under: Manufacturing Economy
Sep 12 2014
Written by Sean Syzmkowski | Posted on GM Authority

Speaking to a group of reporters in New Delhi, India, General Motors CEO Mary Barra shared that the company has plans on launching forty new vehicles across international markets in the coming years, according to a Reuters report. Whether that means all-new or ranging from all-new to slightly refreshed is another story, as does the time-frame.

Sep 12 2014
Written by Giles Castonguay | Posted on Automotive News

Jeep will begin later this month its foray into the market for subcompact SUVs -- the industry's fastest-growing segment -- when it puts on sale the Renegade, the first model born from the coupling of U.S. and Italian engineering at Fiat Chrysler Automobiles (FCA).

"It's the first example of cross-country collaboration," CEO Sergio Marchionne told reporters today at a news conference near Balocco, outside of Turin, Italy, where FCA has a test track. "It's great to see," he said, looking at the boxy SUV with its rounded edges parked nearby. "The damn thing works."

Sep 11 2014
Written by Sam McEachern | Posted on GM Authority

General Motors this week confirmed their vehicle-to-vehicle technology will debut in the CTS mid-size sedan for the 2017 model year. We know the technology will allow vehicles also equipped with the same or similar systems to connect, but what benefits does it have towards you as a driver? Jon Lauckner, GM Chief Technology Officer, Vice President of R&D and President of GM Ventures, decided to clear the air on what V2V actually does.

Sep 10 2014
Written by Melissa Burden | Posted on The Detroit News

Automakers, including General Motors Co. and Ford Motor Co., are hopeful a free trade agreement with currency manipulation stipulations will help grow sales in markets such as Japan, Malaysia and Vietnam.

GM Chief Economist Mustafa Mohatarem said Wednesday that Japan is his biggest worry on getting a deal done.

“If Japan retains the ability to manipulate its currency, the largest market outside the U.S. in TPP (Trans-Pacific Partnership) will remain closed to the U.S.,” he said at a U.S. Commercial Service business forum in Detroit.