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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.

Nov 18 2014
Chrysler Media Group

The new 2015 Dodge Charger has received the Residual Value Award in the “Fullsize Car” category from ALG, the industry benchmark for residual values and depreciation data.

The annual ALG Residual Value Awards recognize vehicles that are predicted to retain the highest percentage of their original price after a conventional three-year period. This is the Charger’s first Residual Value Award in the Fullsize Car category.

Filed Under: Manufacturing Economy
Nov 17 2014
Written by Michael Martinez | Posted on The Detroit News

Lincoln Motor Co. hopes its new Black Label experience, unveiled Monday, will make its luxury vehicle customers feel even more luxurious.

Black Label is upscale, customized vehicle interiors and membership perks that will roll out at 32 Lincoln dealers across six states — including five dealerships in Michigan — next month.

Nov 17 2014
Chrysler Media Group

With its groundbreaking Italian design and Formula 1 derived innovations, the all-new 2015 Alfa Romeo 4C supercar won over the editorial staff at AUTOMOBILE, earning the turbocharged mid-engine coupe a coveted “2015 All-Star” award – an accolade that represents what the publication’s enthusiasts most want to drive.

Nov 17 2014
Written by William Mauldin | Posted on The Wall Street Journal

The Obama administration will fall well short of its goal of doubling exports in five years. But it is hoping to secure a longer-run victory on the trade front with sweeping new agreements in the next two years.

Nov 14 2014

For Immediate Release:
November 14, 2014
Contact: Colin Dunn
info@americanautocouncil.org
(202) 400 - 2609

AAPC Statement on Trade Promotion Authority