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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


Feb 08 2016
Written by Michael Wayland | Posted on The Detroit News

Fiat Chrysler Automobiles NV doubled-down on Jeep for its two Super Bowl 50 commercials.

Both ads focused on the importance of the sport utility brand as it celebrates its 75th anniversary this year and continues to expand globally.

Filed Under: Manufacturing Economy
Feb 05 2016
Written by William Fierman | Posted on Business Insider

Along with the Mustang muscle cars and GT supercars we expect to see cited in Ford press releases, one unusual vehicle keeps popping up.

It's a van. Yes, a van.

Specifically, it's the Transit Connect, an unconventional-looking minivan that just helped Ford post its best January van sales since 1985.

In the midst of a record-setting year for the Blue Oval and most of the car industry, Ford can thank the Transit Connect for capturing a 69% share of the small-commercial-van market.

Filed Under: Manufacturing Economy
Feb 05 2016
Written by Davey G. Johnson | Posted on Car And Driver

The 200 may be going the way of the dodo, but that doesn’t mean Chrysler’s not going to squeeze some more life out of its mid-size backmarker. Along with the beefcake 300, the 200 is getting the appearance-package treatment. This one’s called Alloy. As one might expect, it’s metallic in nature.

Filed Under: Manufacturing Economy
Feb 05 2016
Written by WSYM Staff | Posted on WSYM FOX

Workers at General Motors are getting a nice pat on the back for a job well done. Each hourly worker could see up to $11,000 from GM's profit-sharing agreement with the United Auto Workers union.

For the 4th quarter, GM made $6.3 billion and as part of the union agreement the auto company has to give some of the profit to the 2015 union workers.

Filed Under: Manufacturing Economy
Feb 04 2016
Written by Todd Lassa | Posted on Automobile Magazine

The only American brand certainty in bad economics and good is Jeep. Six-and-a-half years ago, when we weren’t certain that General Motors, Chrysler, and pretty much the rest of the U.S. auto industry would survive the Great Recession, we all knew someone would buy the brand that has survived Kaiser, AMC, Daimler Chrysler, and Cerberus.

Filed Under: Manufacturing Economy