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


 

 

 

  • Feb 24 2016

    General Motors Posts Impressive Numbers On High SUV Demand

    Written by Mayank Marwah | Posted on GuruFocus

    General Motors had a decent 2015 with sales growth of 5% despite an unpredictable global economy. The industry outlook for the current year is positive although the overall global market is expected to slow down. General Motors recently recorded strong fourth-quarter and full-year earnings beating analyst expectations.

    Filed Under: Manufacturing Economy
  • Feb 24 2016

    Ford Expands Ford Smart Mobility At Mobile World Congress, Unveils New Kuga, Confirms Sync 3, FordPass For Europe

    Written by Ford Media Staff | Posted on Ford

    Ford CEO Mark Fields today unveils the new Kuga SUV and will confirm Ford’s SYNC 3 connectivity technology is coming to Europe and commit to tripling Ford’s engineering investment in semi-autonomous vehicle technologies as the company continues to expand its Ford Smart Mobility plan.

    Filed Under: Manufacturing Economy
  • Feb 23 2016

    FCA Partnership With 'Batman V Superman: Dawn Of Justice' Spawns Special Edition Jeep Renegade

    Written by David Muller | Posted on MLive

    A branding partnership between Fiat Chrysler Automobiles and Warner Bros. will fill the new, partially Detroit-shot movie "Batman V Superman: Dawn of Justice" with Jeep, Dodge, Chrysler, Fiat, Alfa Romeo and Maserati vehicles.

    And it will send several Dawn of Justice-themed cars and trucks to FCA dealer lots.

    On Monday, FCA launched an advertising campaign around the 2016 Jeep Renegade Dawn of Justice Special Edition, which will be available at U.S. dealerships later this month.

    Filed Under: Manufacturing Economy
  • Feb 23 2016

    Test Drive: 2016 Chevrolet Camaro V6

    Written by Gary Gastelu | Posted on FOX Sports

    Sure, you could’ve had a V8. But V6 pony cars are the best. It’s true!

    Well, it’s true if you care only about style, or if you run a car rental agency. At least that’s how it’s been for the past 50 years, but not anymore.

    The 2016 Chevrolet Camaro may still look like the Transformer that vanquished the Ford Mustang on the sales charts after the nameplate returned from hibernation in 2010, but it’s an all-new and far superior machine.

    Filed Under: Manufacturing Economy
  • Feb 19 2016

    Automaker Celebrates 90th Year With Stylish Chrysler 200

    Written by Michele Brooke | Posted on The Examiner

    The 2016 Chrysler 200 provides drivers and passengers with attractive style, a comfortable ride, and fuel economy ratings of up to 36 mpg. Since the introduction of the all-new Chrysler 200 in the spring of 2014, the car has resonated with consumers with steadily increasing sales.

    With a starting MSRP of $21,995, consumers can choose from four mid-size models for the 2016 Chrysler 200: 2016 Chrysler 200 LX model, Chrysler Limited model, Chrysler 200S model and the premium Chrysler 200C.

    Filed Under: Manufacturing Economy