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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014 Corvettes At Carlisle Features Two Race-Themed Displays
For those of you on the East Coast, you know that the Keystone State has two of the nation’s best old car flea markets: Hershey and Carlisle.
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COOK: The 2014 Jeep Compass is still the king of off road
A little tweaking with the style and an optional six-speed automatic transmission and what do you have? The new and improved 2014 Jeep Compass.
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Ford: 2015 F-150 most patented truck in company history
The 2015 F-150 has a few more innovations on it besides its nearly all-aluminum body.
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Chevrolet Makes Stop/Start Standard in 2015 Impala
DETROIT – Stop/start technology will be standard on the 2015 Impala base 2.5-liter ECOTEC® engine, an addition that improves the vehicle’s city fuel economy
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FORD MOTOR COMPANY FUND SENDING CLEVELAND-AREA WAR VETERANS TO VISIT WORLD WAR II MEMORIAL IN WASHINGTON, D.C.
For the second year in a row, Ford Motor Company Fund is sponsoring an Honor Flight for 50 World War II veterans in the Cleveland area to visit the World War