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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.

Aug 27 2014
Ford Media Center

Designers of the 2015 Ford F-150 had a challenging goal to meet when they set out to reimagine the world’s best-selling pickup: Create an aerodynamic, efficient design that did not compromise the tough, bold looks that define Ford trucks.

The team succeeded.

The new F-150’s structured look features squared-off edges, shapes and surfaces that convey confidence, capability and work readiness. Yet these elements also work together to allow F-150 to slip through the air more efficiently.

Aug 26 2014
Written by Sam McEachern | Posted on GM Authority

The second-generation of Chevrolet’s Equniox SUV has been around since 2009, but its sales are showing no signs of slowing down. Equinox sales have grown each year since its introduction, grouping the SUV with the select models that experience strong sales month after month and year after year, like the Toyota Camry and Honda Accord.

In July, Chevrolet sold 25,300 new Equinoxs, representing growth of 37 percent year-over-year. Additionally, some customers are coming back for seconds, with 27 percent of Equinox owners trading their SUV in for a second newer model.

Filed Under: Manufacturing Economy
Aug 26 2014
Ford Media Center

Today, Ford Motor Company announced the hiring of 300 new employees and a $129 million investment in Louisville Assembly Plant to support production of the all-new 2015 Lincoln MKC.

Production of Lincoln’s newest vehicle began in May. MKC is the second of four all-new Lincoln vehicles being introduced by 2016, and will go on sale in China, along with the MKZ sedan, when the Lincoln brand debuts there later this year.

Aug 25 2014
Written by Melissa Burden | Posted on The Detroit News

General Motors Co. said Friday that its 2015 Chevrolet Corvette Z06 supercar — GM’s most powerful production car ever — will start at $78,995, and the convertible model will start at $83,995.

The 2015 Corvette Z06 packs 650 horsepower and 650 foot-pounds of torque and is Chevy’s most powerful Corvette in its 62-year history. Earlier this year, officials said limited quantities of the sports car would be available late this year.

Aug 22 2014
Written by Bernie Woodall and Paul Lienert | Posted on Reuters

Chrysler Group [CHRY.UL] is planning an extensive facelift of its full-size Ram 1500 pickup in spring 2017, but has no firm plans to follow rivals General Motors and Ford Motor Co in replacing steel body panels with aluminum until a complete redesign after 2020, industry sources told Reuters.

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