U.S. Auto Companies Lead In R&D Investment

Jan. 13, 2005
U.S. companies are surging ahead of the rest of the world in R&D funding, according to The International R&D Scoreboard, published by Britain's Dept. of Trade and Industry. U.S. outlays rose by 15% last year, following a 19% increase in 1997. European ...

U.S. companies are surging ahead of the rest of the world in R&D funding, according to The International R&D Scoreboard, published by Britain's Dept. of Trade and Industry. U.S. outlays rose by 15% last year, following a 19% increase in 1997. European companies lagged with only a 9% improvement on expenditure on R&D while the Japanese posted a 6% increase. Overall, the world's 300 largest companies increased their R&D spending by 11.9% to $254 billion last year, following a rise of 12.8% in 1997. The three biggest spenders are the auto giants General Motors ($7.9 billion), Ford ($6.3 billion), and DaimlerChrysler ($5.8 billion), followed by Siemens -- the German electronics group with $5.5 billion. As an industrial sector, information technology showed the largest increase in R&D spending. But neither IBM ($5.3 billion) nor Microsoft ($2.8 billion) rivaled any of the big automobile groups.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!