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.
DETROIT – Every 2014 Buick model – Verano, Regal, LaCrosse, Encore and Enclave – will be offered with a suite of available active safety systems that watch the front, side and rear of the vehicle to help prevent crashes.
Buick will be the only brand in the industry to offer Forward Collision Alert, Lane Departure Warning, Rear Cross Traffic Alert, Side Blind Zone Warning, and a Rear Vision Camera on every vehicle.
Is America ready for a three-cylinder engine?
Ford Motor Co. is about to find out.
Ford’s 1-liter, three-cylinder EcoBoost engine has become an instant success in Europe, where small cars and smaller engines dominate the market.
On the 69th anniversary of D-Day, which commemorates the landing of Allied troops in Normandy, Ford Motor Company Fund is sponsoring an Honor Flight for 26 World War II veterans from Kentucky and their guardians to visit the National World War II Memorial in Washington, D.C.