NAM welcomes Government support for auto suppliers.
Press Release Summary:
March 23, 2009 - Timothy F. Geithner, U.S. Treasury Secretary, announced U.S Treasury Department's Auto Supplier Support Program, which will provide up to $5 billion in financing to auto suppliers. In response, John Engler said NAM believes it is common sense proposal that assures suppliers will be paid for work done and have confidence to invest in necessary equipment. Engler also said action will help preserve many highly-skilled jobs and lay groundwork for economic recovery.
Original Press Release
NAM Welcomes Treasury Announcement of Auto Supplier Support Program
Press release date: March 19, 2009