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.
-
Cadillac Celebrates V-Series with 2015 CTS-V Coupe
DETROIT – Cadillac today announced production of a limited, special-edition 2015 CTS-V Coupe, marking the last chapter of the current model before the next g
-
New Ford Technical Support Center to Increase Vehicle Performance On- and Off-Track
Ford reinforces commitment to racing and performance car development with announcement of new Ford Technical Support Center in Concord, N.C.
-
All-New 2015 Chrysler 200 Launches Out of the Gate with More Than 10,000 First-Day Vehicle Orders
Chrysler brand reports 10,000 2015 Chrysler 200 vehicle orders were placed on the very first day vehicle orders were made available
-
Rearview Camera Standard on All 2015 Buick Models
DETROIT – Safety and technology top the list
-
Ford Motor Company's Mark Fields on American Innovation in the 1960s
Even though it didn't have any major new models to announce, Ford (NYSE: F) had a big presence at last month's New York International Auto Show.