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.
Ford CEO Mark Fields said today the automaker plans to triple its engineering investment in driver assist and semi-autonomous vehicle technology over the nex
General Motors says it will invest $148 million in repurposing equipment at its Spring Hill plant, a move that will retain about 200 jobs.
Ford is taking a few more bumps out of the road of life.
Ford, Pivotal Collaborate On Software Platform For FordPass; Aim To Revolutionize Mobility For Consumers
Ford is working with cloud-based software technology leader Pivotal to build a software platform supporting FordPass® that will enable the company to rapidly
The influx of 2017 Chevrolet Camaro ZL1 spy shots is becoming more frequent.