Hoyer Says House and Senate Close on PPP Loan Extension
May 27, 2020
House Majority Leader Steny Hoyer (D-Md.) stated that the House and Senate should be able to quickly come to an agreement on new rules to the Paycheck Protection Program (PPP) that will give more... READ MORE
SBA Approves $4.4 Mil for Paycheck Protection Program
May 27, 2020
The Small Business Administration (SBA) approved more than $4.4 million through May 23, increasing the net amount of available funds to over $511.2 billion. Read the full report here: https... READ MORE
SBA Interim Final Rules Provide Additional Information and Extensions to Safe Harbor on the Paycheck Protection Program
May 27, 2020
Three interim final rules provide clarity and safe harbor extensions for the Paycheck Protection Program (PPP). The first interim final rule helps borrowers prepare and apply for loan... READ MORE
House, Senate Lawmakers Propose Essential Workers Fund
May 27, 2020
The House and Senate both introduced legislation that would provide compensation to essential workers infected or killed by the coronavirus. The Senate bill, the Pandemic Heroes Compensation Act,... READ MORE
OESA Announces 2020 Automotive Insiders Series: An Industry Disrupted for all MEMA Division Members
May 27, 2020
The impact of the coronavirus pandemic will continue to be far-reaching throughout the mobility industry. As organizations ramp up operations, many are having to make mission-critical decisions... READ MORE
Canadian Government Orders 10 Million Face Masks from GM
May 27, 2020
General Motors’s factory in Oshawa, Ontario, began developing 10 million face masks for the Canadian government on May 26 to combat the coronavirus pandemic. Read more here: https://www.... READ MORE
France Unveils $8.8 billion Rescue for Ailing Car Industry
May 27, 2020
To help the automotive industry in France weather the financial challenges caused by the COVID-19 crisis, the French government is giving 12,000 euros to consumers who purchase an electric vehicle... READ MORE
Costly EVs Confront Harsh Coronavirus Reality
May 27, 2020
The economic downturn for the automotive industry triggered by the coronavirus pandemic puts future EV projects at risk for many auto manufacturers. Read more here: https://www.autonews.com/... READ MORE
Volkswagen Just Unveiled an Uber Nostalgic All-Electric Microbus
May 27, 2020
Volkswagen plans to produce an all-electric version of its Microbus model in 2022. The automaker will work with eClassics to revamp the 1950’s classic for the modern era. Read more here:... READ MORE
Whitmer Allows Doctor Visits, Auto Sales by Appointment, Gatherings of 10 or Less
May 26, 2020
In an executive order signed by Gov. Gretchen Whitmer on May 21, Michigan eased restrictions today for auto dealerships and other retail shops by allowing customers to visit by appointment.... READ MORE
Renault, Nissan Said to Seek More Equitable Sharing Instead of Merger
May 26, 2020
Nissan and Renault plan to announce restructuring plans this week to resolve tensions in their alliance and overcome the challenges set by the coronavirus pandemic. Read more here: https://... READ MORE
Mexico Supplier Problems Prevent Second-Shift Additions at GM Truck Plants
May 26, 2020
General Motors will not be able to add second shifts to its plants in Flint, Mich., and Fort Wayne, Ind., this week because the company’s suppliers in Mexico are not ready to support increased... READ MORE
Carmakers Push Forward on EVs as Self-Driving Hits Pandemic Speed Bumps
May 26, 2020
The coronavirus pandemic has hindered development of autonomous vehicles, as Ford, Waymo LLC, Uber Advanced Technologies Group, and General Motors all faced setbacks for their individual projects... READ MORE
5G and the Future of Fleet Communications
May 26, 2020
It will take years for 5G technology to expand to the point where it will prove beneficial to the trucking industry. While fleets wait to transition, many companies will need to replace their 3G... READ MORE
Together, Alone: The Car as Shelter in the Pandemic
May 26, 2020
Automobiles are serving a social purpose for people looking to maintain social distancing due to COVID-19. From celebrating holidays and special events, to ensuring people can safely shop for... READ MORE
This Car’s Yearly Tune-Up Costs as Much as a Civic
May 26, 2020
The Bugatti Chiron, with a base price of $3 million, is a high-end luxury sports vehicle that can reach a speed of 261 m.p.h. Read more here: https://www.nytimes.com/2020/05/25/business/... READ MORE
Industry News to Take Holiday on May 25
May 22, 2020
MEMA Industry News Editor’s Note: MEMA will suspend publication of Industry News on May 25 in recognition of Memorial Day. We will resume publication on May 26, 2020.
MEMA and Member Companies Urge Treasury Secretary to Create a Supplier Liquidity Program
May 22, 2020
In a letter signed by dozens of leading supplier executives, MEMA urged the Trump administration to engage with members of the Michigan Congressional delegation to specifically address the... READ MORE
MEMA and Other Trade Associations Urge Changes to Paycheck Protection Program
May 22, 2020
MEMA signed a joint letter with several other trade associations urging structural changes to the Paycheck Protection Program to help small businesses remain open after stay-at-home orders are... READ MORE