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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.

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 $712 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $108 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 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. FCA US, Ford and General Motors each invest more each year on research and development than Boeing, Apple and Hewlett-Packard– 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


Dec 01 2014
Written by Mark Phelan | Posted on Detroit Free Press

America's pony car is ready to run with the thoroughbreds.

The Ford Mustang is still affordable enough to be a college grad's first new car — prices start at $23,600 — but the all-new 2015 Mustang has the technology to compete with $50,000-plus luxury sport coupes from Audi, BMW and Lexus. Next to the Mustang, the Ford's traditional competitors — the Chevrolet Camaro and Dodge Challenger — suddenly feel out of date.

Filed Under: Manufacturing Economy
Dec 01 2014
C

Dodge Viper sales have been on a run since the brand repositioned the limited-production hand-built super car in September, and Dodge is building on the momentum, opening the system for dealers to place sold customer orders of the newly equipped 2015.5 Dodge Viper GTS and TA 2.0 Special Edition, which join the SRT and GT models in the Viper lineup.

Filed Under: Manufacturing Economy
Nov 25 2014
Written by Erick Ayapana | Posted on Motor Trend

General Motors has finally allowed us to get some wheel time in the new 2015 Chevrolet Corvette Z06, which is featured in the newest episode of Ignition. And as a bonus, host Carlos Lago produced a special video where he geeks out on almost every aspect of the special Corvette.

Nov 25 2014
Ford Media Center

As part of Ford Motor Company’s expanded hunger relief efforts this year, the company announced the donation of a new truck to The Salvation Army’s Bed & Bread Club that will help serve 5,000 meals a day to needy people in Detroit.

The vehicle, which goes into operation this week, joins the Bed & Bread fleet that provides a sandwich, fruit, beverage, soup and snack to city neighborhoods. The Detroit Bed & Bread program is the largest one in the country. Marathon Petroleum Corporation will provide a year of free gasoline for the new vehicle.

Filed Under: Manufacturing Economy
Nov 25 2014
Chrysler Media Group

 The editors of Motor Trend today named the Ram 1500 the winner of their 2015 half-ton truck shootout.

Filed Under: Manufacturing Economy