You are here

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 10 2014
Written by Diego Rosenberg | Posted on GM Authority

General Motors and Opel aren’t letting Google get all the glory − both the automaker and the brand are “demonstrating their commitment to the future” of automated driving and connected mobility at the Intelligent Transport Systems (ITS) World Congress. Showcased are the Opel Insignia research vehicle, an automated Chevrolet EN-V 2.0 concept, and a Chevrolet Cruze equipped with vehicle-to-pedestrian (V2P) connectivity.

Sep 10 2014
Chrysler Media Group

Miami - Florida International University's (FIU) College of Engineering and Computing will begin rolling engineering education into South Florida’s public school classrooms this fall with the launch of “Engineers on Wheels,” an innovative, hands-on STEM education initiative sponsored by Chrysler Group LLC and The Chrysler Foundation, the automotive company’s charitable arm.   

Filed Under: Manufacturing Economy
Sep 09 2014
Written by Len Bracken | Posted on Bloomberg BNA

he U.S. and Japan are “really making efforts to strike a deal” as soon as possible in bilateral auto negotiations related to the Trans-Pacific Partnership (TPP), Japanese TPP Ambassador Takeo Mori said Sept. 5.

In remarks to reporters following three days of negotiations with acting Deputy U.S. Trade Representative Wendy Cutler in Washington, Mori said that the talks are at the “endgame” stage, but he declined to estimate when they would be concluded.

Sep 09 2014
Written by Sam McEachern | Posted on GM Authority

General Motors’ CEO Mary Barra addressed the Congress of the Intelligent Transport Society Sunday in Detroit, where she outlined the automaker’s history of innovation and future plans for advanced transportation solutions. The most important takeaway from her remarks was that Cadillac will introduce Super Cruise and vehicle-to-vehicle tech by 2017, but as explained in an intro video, GM had ideas for similar technology as early as the 1950s.

Sep 09 2014
Written by Bradford Wernie | Posted on Automotive News

As the world evolves toward a radically altered transportation network with autonomous cars, ride-sharing services and electrified vehicles, traditional automakers need to work with small startup companies that provide new technologies, Ford Motor Co. Executive Chairman Bill Ford said.