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MEMA writes Washington on behalf of parts makers

Published Monday, December 21, 2009

The Motor & Equipment Manufacturers Association (MEMA), in a letter to the Obama Administration and the Congress,has outlined measures it believes will help restore access to credit and promote technology development to in turn ensure a strong domestic motor vehicle parts manufacturing industry. The need for immediate help is urgent, according to the organization; in 2009, parts manufacturers have seen 50 reported bankruptcies and an estimated 200 liquidations in the industry. Specifically, MEMA is calling on Congress and the Administration to: Help assure sufficient capital for restructuring, consolidating and diversification, Create technology funding programs that support long-term ...

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