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.
Chrysler Group LLC will invest $63 million in its Warren Stamping Plant to expand capacity.
The money will be used to buy and install a high-tech, high-speed press line that will increase capacity by about 3.6 million parts per year, the automaker said in a statement Wednesday.
The 65-year-old plant provides parts stamped from sheet metal — hoods, roofs, liftgates, side apertures, fenders and floor pans — for vehicles including the Dodge Grand Caravan, Durango and Dart; Jeep Grand Cherokee; Chrysler Town & Country; and Ram trucks.
Chrysler and Fiat leadership outline strategy for the future and discuss supply base’s role in Fiat Chrysler Automobiles’ outlined plans
Eighteen awards presented for extraordinary performance in 2013
June 24, 2014 , Auburn Hills, Mich. - Chrysler Group LLC and Fiat S.p.A. executives today met with approximately 3,000 supplier representatives at their 2014 Annual Strategy Meeting and Supplier Awards Ceremony held at the Palace of Auburn Hills.
Reporters from across North America are in Dearborn today for an overview of the automaker’s 2015 model lineup.
Also on the agenda is the unveiling of a new vehicle. The Detroit Free Press can reveal full details at 6 p.m.
Ford is in the midst of its most aggressive launch schedule in decades, introducing 16 vehicles in North America this year compared with five in 2013. Ford is launching 23 new vehiclesglobally this year.