The U.S. Auto Industry is a Leader in Research & Development
Automakers and their suppliers are the world’s third biggest investor in R&D.
Designing and producing autos is a massive engineering challenge, which is why automakers and their suppliers invest approximately $130 billion in R&D each year – behind only pharmaceuticals and technology hardware.
American Automakers are Leaders in Research & Development and Innovation
In the U.S., automakers and their suppliers invested approximately $23 billion in 2018, representing approximately $1,333 of R&D for each car sold here that year, on average.
Over the past decade, automaker R&D has driven braking technology from anti-lock brakes (which help a driver brake faster) to electronic stability control (which keeps a vehicle moving safely when the driver has lost control), to automated emergency steering systems (which control braking, steering, and throttle functions)
Meanwhile, research into the use of new materials, better joining (welding, fasteners, adhesives), and fabrication could reduce a vehicle’s body weight by 10% to 20% from 2014 through 2020.
FCA, Ford, and General Motors each spend more per year than General Electric, Boeing, AT&T, and Tesla.
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GM donates $2.5M to College for Creative Studies
DETROIT - The General Motors Foundation will donate $2.5 million to the College for Creative Studies in Detroit.
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Yes, there is a difference between American and Japanese cars
A lot of words have been written in the past few post-tsunami weeks about the negative impact of the disastrous tragedy on the short-term future of Japanese cars in the U.S. market.
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The U.S. Automotive Market and Industry in 2025
On May 19, 2009, President Obama announced a new national fuel economy program requiring an average fuel economy standard of 35.5 miles per gallon for new light vehicles sales by 2016.
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The Chrysler Miracle
It was two years ago when Fiat CEO Sergio Marchionne appeared at the airline-terminal-size Chrysler headquarters near Detroit to address a demoralized staff. They were as skeptical as the rest of the auto industry about their newly installed chain-smoking, sweater-clad, Italian-Canadian CEO and his mission to rescue Chrysler, a company burning through $1 billion a month.
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Detroit's Big 3 catching Japanese in supplier relations rating
Japanese automakers should look over their shoulders when it comes to relationships with their suppliers: Detroit automakers are catching up, according to an annual study that measures this crucial partnership.