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.
-
General Motors April sales zip 11.4%, best in five years
General Motors said its April sales were the best for that month in five years, up 11.4% to 237,646 new vehicles.
-
Ford Says Lincoln MKZ Set Monthly U.S. Sales Record in April
Ford Motor Co. (F), speeding the rollout of the redesigned Lincoln MKZ sedan to revive its luxury line, said the model’s April U.S. sales set a monthly record that drove a gain of at least 10 percent for the brand.
-
Ford to make 'jobs announcement' at Claycomo
It looks as if more good news is headed to the area economy and Ford Motor Co.’s Claycomo plant.
-
Bill Ford: The future of self-driving cars is closer than you think
Ford Motor Co. has been making automobiles for more than a century, but only now are the company’s products on the brink of monumental changes, according to Executive Chairman Bill Ford Jr.
-
Chrysler Group Considered 'Popular' Among Women Engineers
The readers of Woman Engineer magazine have selected Chrysler Group LLC as one of the top companies in the country for providing a positive working environment for female engineers and being among the employers where they would most like to work.