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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GM To Invest $1.5 Billion In North American Facilities This Year
General Motors Co. will make substantial investments in its North American facilities, an executive announced Wednesday night.
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2013 Ford Fusion Energi Gets Range Of 620 Miles
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Cadillac, Ford, Nissan and Lutz Win Design Awards
The annual Eyes on Design Awards for design excellence at the Detroit auto show were presented late Tuesday as the last event of press days.
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Cadillac ELR Unveiled at Detroit Auto Show Combines Luxury, Technology
Cadillac rolled out its new ELR plug-in hybrid on Tuesday.