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.
Automotive Industry Leaders in R&D for 2007
Supporting Information
| Company | 2007 R&D Spending (Billions of Dollars) |
Percent of 2007 Sales |
|---|---|---|
| Toyota | 8.39 | 3.6 |
| General Motors | 8.10 | 4.5 |
| Ford | 7.50 | 4.3 |
| Honda | 5.14 | 4.9 |
| Volkswagen | 4.76 | 3.2 |
| Daimler | 4.32 | 3.2 |
| Nissan | 4.00 | 4.2 |
| BMW | 4.00 | 5.2 |
| Peugeot | 2.84 | 3.4 |
| Denso Corp. | 2.72 | 7.7 |
|
Source: Crain Communications. Automotive News, October 27, 2008. | ||