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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 $143 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $17 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 17 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, seven out of the world’s top 25 corporate investors in research and development are automakers. General Motors and Ford each invest more each year on research and development than IBM, Qualcomm, and General Electric – 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.

From research labs to dealership lots, the auto sector supports over 7 million U.S. jobs.

Exports:

The auto industry is America’s largest exporter. Over the past six years, automakers and suppliers have exported over $706 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $104 billion. Last year alone, automakers and suppliers out-exported the aerospace industry by $17 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 17 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, seven out of the world’s top 25 corporate investors in research and development are automakers. FCA US, Ford and General Motors each invest more each year on research and development than IBM, Qualcomm, and General Electric – 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.

Market Share vs. Jobs Share vs. Parts Share


May 23 2016
Written by Daniel Miller | Posted on The Motley Fool

People are going crazy to get their hands on Ford Motor Co.'s new GT. After nearly 11,000 people expressed interest in buying a GT, Detroit's second-largest automaker received 6,506 completed applications from people across the planet.

Filed Under: Manufacturing Economy
May 19 2016
Written by Jeff Bennett | Posted on Wall Street Journal

Fiat Chrysler Automobiles NV is investing $12.2 million to build a new distribution center in Virginia amid growing demand for parts used by its dealerships to both repair and customize its vehicles. The 400,000-square-foot Mopar distribution center, located in Winchester, will employ about 70 people and ship more than 9.2 million parts and other items annually.

May 17 2016
Written by Mark Ewing | Posted on Forbes

If high-performance cars with layers of electronic controls feel too refined, too sanitized, then Ford’s raucous 2017 Shelby GT350 Mustang should prove an ideal Saturday morning palette cleanser.

To reconnect with genetic origins and measure the Shelby GT350 on empty roads, I drove Chassis G0029 to Vegas to visit Pete Brock, who was chief designer for Shelby American in the 1960s, part of the “Original Venice Crew” that forged the Shelby legend.

Filed Under: Manufacturing Economy
May 17 2016
Written by Michael Martinez | Posted on The Detroit News

General Motors Co.’s Chevrolet brand will once again be the official vehicle of Major League Baseball.

The brand on Thursday announced it has renewed its sponsorship with MLB, a title its held since 2005. In addition, Chevy also is becoming the official automotive sponsor of MLB and USA Baseball’s Play Ball initiative.

Filed Under: Manufacturing Economy
May 12 2016
Written by Brian Wong | Posted on PickupTrucks.com

May is Military Appreciation Month, and Chevrolet is celebrating in two ways.

First, Chevy is donating a portion of the proceeds from sales of the 2016 Chevrolet Silverado 1500 Special Ops Edition to the Navy SEAL Museum and its foundation. The second way Chevy is celebrating veterans is by extending its Military Discount Program.

Filed Under: Manufacturing Economy