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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AAPC Statement on the 2014 Kogod Made in America Auto Index
For Immediate Release: -
General Motors to invest $450 million in two Michigan plants
General Motors Co is expected to announce on Tuesday a $450 million investment plan in two of its Michigan plants to bolster its electric car research and pr
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Ford announces Mustang 50-year anniversary events
Ford Motor Co. has a full schedule of events slated to celebrate the 50th anniversary of the Mustang, which was first unveiled April 17, 1964.
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Chrysler to reveal updated Charger, Challenger at New York auto show
Dodge will unveil updated versions its muscle car tandem — the Charger and Challenger — next week at the New York International Auto Show, Chrysler said Mond
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Chevrolet to Sponsor Manchester United Match at ‘The Big House’ this Summer
Chevrolet today announced its sponsorship of Manchester United’s first‑ever match in Michigan – August 2 vs.