MEMA recognizes the challenges and uncertainties facing motor vehicle parts manufacturers and the need for companies to be able to swiftly and appropriately respond to this crisis. Bill Long, MEMA President & CEO, continues to lead efforts to connect with leaders in the business community, the White House, and on Capitol Hill. In addition, MEMA and its divisions are working to provide you with real-time information and analysis. MEMA efforts to assist motor vehicle manufacturers include:
MEMA Urges Congressional Leaders to Pass a Stimulus Package to Aid the Automotive Industry:
MEMA, along with the Alliance for Automotive Innovation and the National Automobile Dealers Association (NADA), sent a letter on March 23 to congressional leadership seeking access to resources to ensure the sector can withstand the demand changes and production stoppages due to the coronavirus.
The letter, addressed to House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Mitch McConnell (R-Ky.), Senate Democratic Leader Chuck Schumer (D-N.Y.), House Majority Leader Steny Hoyer (D-Md.), and House Republican Leader Kevin McCarthy (R-Calif.), urges Congress to pass an economic stimulus package that creates “robust credit facilities” for businesses. . MEMA and the other associations urge the leadership to include provisions with loans to businesses, tax deductions for businesses with more than 500 employees that provide paid leave. The letter also calls for delays or deferments of 2020 quarterly federal tax payments and expansion or extension of expensing for equipment and machinery. Finally, the letter calls for a delay of the June 1 entry into force date for the United States-Mexico-Canada Agreement (USMCA).
“Enacting these policies in the immediate term would help moderate the impact of the economic situation our nation faces which will assist businesses and workers as we work to get various parts of our economy moving again in the coming weeks and months,” the letter states.
COVID-19 Prevention Resources:
MEMA has created a COVID-19 Resources page which will be updated regularly with the latest information. Topics include information on maintaining personal health, protecting your business, and tips on how to work from home are all available. The page will continue to be updated as new information on COVID-19 surfaces.
MEMA Urges Congressional Leaders to Tackle Liquidity Crisis Affecting Motor Vehicle Parts Manufacturers:
In a letter sent March 18, MEMA President & CEO Bill Long urged congressional leaders to address the immediate liquidity needs motor vehicle suppliers are facing.
“Vehicle parts manufacturers are vital to America’s economy, especially in times of crisis, ensuring safety vehicle, ambulances, police vehicles, health workers, shipping and local delivery vehicles have access to vehicle repair and maintenance components that allow them to serve the nation,” Long wrote.
MEMA Joins Transportation Associations in Urging Carefully Implemented State and Local Policies to Slow Coronavirus Spread:
MEMA signed a joint letter with the Auto Care Association, the U.S. Tire Manufacturers Association, the American Trucking Associations, the Automotive Oil Change Association, and the Tire Industry Association calling for state and local policies that mitigate the spread of COVID-19 without impeding essential operations that preserve transportation and the flow of commerce.
“We respectfully urge the careful implementation of policies that restrict movement and business operations to ensure that businesses that provide critical support for public care and well-being are excluded from such restrictions,” MEMA and the other associations wrote to the National Governors Association, the National Association of Counties, the U.S. Conference of Mayors, and the National League of Cities.
“Specifically,” the letter states, “as state and local governments define essential activities that will be protected, it is important to also safeguard businesses that enable those activities to be conducted in a safe and efficient manner.”