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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.

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.

Sep 08 2014
Ford Media Center

Technicians for the fourth-largest cable operator in the United States, Charter Communications of Stamford, Connecticut, will soon drive brand-new 2015 Ford Transit vans. Charter recently ordered more than 800 low-roof, regular-wheelbase Transit vans with the standard 3.7-liter V6 engine for its technicians. These vehicles are used to transport equipment for installing and servicing Internet, TV and phone customer homes across 29 states.

Filed Under: Manufacturing Economy
Sep 04 2014
Chrysler Media Group

Chrysler Group LLC today reported U.S. sales of 198,379 units, a 20 percent increase compared with sales in August 2013 (165,552 units), and the group’s best August sales since 2002.

Filed Under: Manufacturing Economy
Sep 04 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. said Wednesday that its 2015 Chevrolet Colorado and GMC Canyon will offer best-in-segment fuel economy for pickups powered by V-6 engines, with ratings three to five miles per gallon higher than competitors.

The company said its 305-horsepower, 3.6-liter V-6 paired with an six-speed automatic transmission will get 18 mpg city, 26 mpg highway and a combined 21 mpg in the two-wheel drive configuration. Four-wheel drive versions will get 17 mpg city, 24 mpg highway and 20 mpg combined.