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 Teases SEMA Bound Dodge Challenger T/A Concept
The Chrysler Group has rolled out their first group of teaser images ahead of the 2014 SEMA Show and among those images is the new Dodge Challenger TA Concep
-
Myriad Of Appearance Packages Coming To 2015 Colorado
Last month, Chevrolet unveiled the 2015 Silverado Rally Edition appearance packages, just as GMC unveiled two special edition trucks with unique accessories,
-
Ford, NextEnergy want Michigan to be lighting center
Ford and NextEnergy today issued a challenge for suppliers to come up with advanced automotive lighting products.
-
Mopar Gives Sneak Peek at Modified Vehicles Headed for SEMA
In anticipation of the 2014 edition of the Specialty Equipment Market Association (SEMA) show, Mopar released sketches of its modified Chrysler, Jeep®, Dodge
-
Chevy to get another EV
Chevrolet will broaden its green-vehicle offerings by adding an electric model to a lineup that includes the Volt plug-in hybrid and the Spark EV minicar.