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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.

Nov 21 2014
Ford Media Center

Ford Mustang is being hailed as “one of the most approachable performance cars on the planet,” with today’s announcement that the 2015 Mustang GT has earned “The Esquire Car of the Year” award. The Esquire awards honor vehicles that are stunning and stylish, yet affordable, attainable and fun to drive.

Filed Under: Manufacturing Economy
Nov 20 2014
Ford Media Center

The all-new 2015 Ford Mustang GT has been named to Car and Driver’s 10Best cars list for 2015 – the ninth time Mustang has made the list since the award’s inception 33 years ago.

Car and Driver’s 10Best list recognizes the best new cars available in the United States for under $80,000. Mustang has been honored four of the last five years.

“Dive into a series of challenging turns in the Mustang and you're not driving a car, you're wearing wheels,” Car and Driver commented.  “It reminds us that driving a great car can be play, something that even grownups enjoy.”

Filed Under: Manufacturing Economy
Nov 20 2014
Written by Brent Snavely | Posted on Detroit Free Press

Fiat Chrysler Automobiles is hoping that its second attempt to add a vehicle to its Fiat brand in the U.S. will be more successful than its first.

Today, the 2016 Fiat 500X, a smart-looking subcompact crossover, will make its North American debut at the Los Angeles Auto Show.

The 500X is the first Fiat model that was designed with the U.S. market in mind. It will have more space and utility than the standard Fiat 500 coupe while still reflecting the traditional Fiat design.

Filed Under: Manufacturing Economy
Nov 18 2014
Written by Aaron Brzozowski | Posted on GM Authority

The Chevrolet Camaro Z/28 is an automotive All-Star, at least in the eyes of Automobile. The All-Star awards are essentially the Automobile equivalent to Car and Driver’s 10 Best: the publication’s highest praise, with none of the typical objective criteria. We’re sure that the General is honored.

Filed Under: Manufacturing Economy
Nov 18 2014
Chrysler Media Group

The new 2015 Dodge Charger has received the Residual Value Award in the “Fullsize Car” category from ALG, the industry benchmark for residual values and depreciation data.

The annual ALG Residual Value Awards recognize vehicles that are predicted to retain the highest percentage of their original price after a conventional three-year period. This is the Charger’s first Residual Value Award in the Fullsize Car category.

Filed Under: Manufacturing Economy