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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.

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 $712 billion worth of vehicles and parts. They beat the next best performing sector (aerospace) by $108 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 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. FCA US, Ford and General Motors each invest more each year on research and development than Boeing, Apple and Hewlett-Packard– 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 15 2015
Written by Greg Gardner | Posted on Detroit Free Press

General Motors will invest $1 billion in its Warren Technical Center and add about 2,600 jobs over the next four years.

"This is an investment in our people who work at the Tech Center because it is positioning the company for long-term growth by enabling new levels of innovation and collaboration," Mark Reuss, GM executive vice president for global product development, said Thursday in Warren. "We will transform this campus into a collaborative workplace of choice for our current team and future talent."

May 15 2015
Written by Patrick Rall | Posted on Torque News

The Dodge Challenger, Dodge Charger and a long list of other Chrysler Group vehicles that rely on the Hemi or Pentastar engines will skip their normal summer downtime in order to keep up with the high demand for these engines

Filed Under: Manufacturing Economy
May 14 2015
Written by Greg Gardner | Posted on Detroit Free Press

General Motors will provide details of its $419 million renovation and expansion of its Warren Tech Center Thursday morning.

Mark Reuss, GM executive vice president for global product development, Gov. Rick Snyder, Macomb County Executive Mark Hackel and Warren Mayor Jim Fouts will attend the ceremony at the Tech Center.

Last month the Warren City Council approved a 12-year tax abatement for the project that will begin later this year and be completed by the end of 2020, according to an estimated construction timeline provided to city officials.

May 14 2015
Written by Brent Snavely | Posted on Detroit Free Press

Toledo's City Council voted Tuesday to spend $1.5 million to acquire residential properties to add to land it has already acquired as part of its plan to convince FCA US to build the next-generation Wrangler there.

The city hopes to buy 17 residential properties owned by 14 owners, giving Toledo a total of 105 acres of land adjacent to the Toledo Assembly Complex, as long as the homeowners agree.

Filed Under: Manufacturing Economy
May 12 2015
Written by Sean Szymkowski | Posted on GM Authority

Obviously, if you’ve been tuned to not only GM Authority but the entire internet, you know the 2016 Chevrolet Camaro will be debuting on May 16th at Belle Isle in Detroit. But Chevrolet is going to make sure those who didn’t secure a spot at the public unveiling of the hotly-anticipated pony car will get to see the car in the sheetmetal.

Filed Under: Manufacturing Economy