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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.

Jan 12 2015
Written by Jared Bernstein | Posted on The New York Times

If the new Congress can agree on anything this year, it may well be the Trans-Pacific Partnership, a trade deal between the United States and 11 other countries throughout the Asia-Pacific region. Passions run high when it comes to trade deals these days, and the Obama administration is working hard to sell it to labor unions, which roundly oppose it.

Jan 07 2015

For Immediate Release:
January 7, 2015
Contact: Adam Temple
(202) 400-2610



Filed Under: Manufacturing Economy
Jan 07 2015
Written by Sam McEachern | Posted on GM Authority

With a new year comes new cars, and 2015 will see General Motors add multiple exciting products to its Cadillac and Chevrolet product portfolios. It will all start at the North American International Auto Show in Detroit next week, but we thought we’d give you a preview of the product onslaught so you know exactly what to expect from The General throughout the year.

1. 2016 Cadillac CT6

Jan 07 2015
Written by Michael Martinez | Posted on The Detroit News

Ford Motor Co.’s 2015 F-150 pickup on Tuesday was named Truck Trend Magazine’s 2015 Pickup Truck of the Year.

The latest version of Ford’s best-selling vehicle is made with an aluminum body that helps save up to 700 pounds compared to previous models.

“The 2015 Ford F-150 is our toughest, smartest and most capable F-150 ever, and Truck Trend’s Pickup Truck of the Year award reinforces that this is truly the best choice for America’s truck buyers,” Joe Hinrichs, Ford’s president of the Americas, said in a statement. “We are proud to receive this award.”

Filed Under: Manufacturing Economy
Jan 07 2015
Written by Brent Snavely | Posted on Detroit Free Press

Fiat Chrysler Automobiles said Tuesday it sold more than 1 million Jeeps worldwide last year — a record number and clear evidence of a successful strategy to retool the brand's lineup to improve international marketing and sales.

The company plans to nearly double that figure in five years with new plants coming online in China and Brazil, two of world's largest vehicle markets, along with production of the Jeep Renegade in Italy, said Mike Manley, president and CEO of the brand.

Filed Under: Manufacturing Economy