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.
-
Chrysler to launch a ’15 Ram ProMaster City van in 2014
Chrysler Group LLC announced that they will launch a new compact van for the North American market anytime in 2014 i.e. next year.
-
Ford earns top 10 ranking for corporate responsibility, says KPMG
An independent survey published by KPMG ranks Ford among the 10 leading global companies for corporate responsibility reporting.
-
GM adopts recycling plan, no longer sending any RenCen waste to the dump
Perhaps General Motors will add the green triangular arrows recycling symbol to the corporate and brand logos atop its Renaissance Center headquarters.
-
Ford considers diesel, hybrid and electric versions of new Mustang
Someday, muscle-car enthusiasts might brag about kilowatts, not horsepower.
-
All-new Ford Mustang gets a fastback makeover, EcoBoost engine
Ford revealed the all-new, sixth-generation Mustang last week in a four-content event encompassing major cities like Barcelona, New York and Shanghai.