Automotive Industry Analysis

New to just-auto this quarter, this report has been extracted from QUBE and offers a comprehensive overview of the vehicle lightweighting megatrend, the applied sciences, materials and suppliers concerned, and material content forecasts out to 2029. With 215,000 workers spread throughout 396 services in more than 100 international locations across the globe, GM affords exciting careers designing, engineering and building a few of the world’s most advanced automobiles and private mobility solutions.

The trade straight helps over 550,000 jobs all throughout the nation in 11 gentle obligation and 3 heavy-duty meeting crops, over 540 Original Equipment (OEM) parts manufacturers, 3949 dealerships and many other immediately related industries.

Average weekly earnings in the automotive industries were $948 in 2012 (expressed in 2002 constant dollars), up 8.6% from the earlier year (Chart 7). This was the largest annual earnings enhance the sector has recorded since 1992, and was largely driven by positive aspects in motorcar manufacturing (Chart eight). Despite this improve, earnings in 2012 in the auto sector had been nonetheless 8.6% decrease than the pre-recession peak of $1,037, recorded in 2007.

Even though the networks were originally developed to service the regional necessities of the automotive corporations, their international expansion has meant that there has been a necessity to offer connectivity to those particular person networks.

Labour productivity in the automotive sector, as measured by real output per hour labored, superior markedly in two of the last three years, including a 17.0% increase in 2012 (Chart 9). Cumulative productivity positive aspects from 2009 to 2012 in automotive industries amounted to 22.5%, reflecting increases of forty five.5% in output and 18.eight% in hours worked.