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 announce Tech Center expansion details Thursday
General Motors will provide details of its $419 million renovation and expansion of its Warren Tech Center Thursday morning.
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2016 Mustang GT Gets Black Accents, EcoBoost Gets Pony Package
2016 is a big model year for the Ford Mustang, with the first of the next generation Shelby Mustang fastbacks debuting in the form of the new GT350 and GT350
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2016 Chevy Colorado Gets 2.8L Duramax Turbo-Diesel, Color Driver Information Center Display And More
Having launched in the United States for the 2015 model year, the new Chevy Colorado has been a very hot commodity, with demand outstripping supply.
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2016 Ford Mustang revives California Special package, classic design touches
Ford is reaching back into the Mustang’s rich history to keep the reborn pony car fresh heading into the 2016 model year.
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Dodge Viper ACR to sell for $117,895
The Dodge Viper ACR, described as the fastest Viper ever, will start at $117,895 and interested customers can start placing orders today, the automaker said.