Fact #547: December 1, 2008
Research and Development (R&D) Spending in the Automotive Industry
In overall money spent, Toyota tops the list of R&D spending at $8.39 billion dollars during 2007. However, as a percentage of total sales, the automotive supplier Denso Corporation was by far the most heavily invested in R&D followed by BMW and Honda.
|Company||2007 R&D Spending
(Billions of Dollars)
|Percent of 2007 Sales|
Source: Crain Communications. Automotive News, October 27, 2008.