Thursday, August 7, 2008

Auto Suppliers Urge Congress to Support Move to Greater Fuel Efficiency

The biggest manufacturing sector in the United States, motor vehicle parts supliers, is urging Congress to pass legislation that would assist the industry's transition to more fuel efficient technologies. The stress giving the population acne over gas prices is starting to finally get suppliers to urge for more help. They know the profirts are there. Just do it already.

The Motor & Equipment Manufacturers Association (MEMA), a trade association representing motor vehicle parts suppliers, is asking congress to provide funding that would help automakers and parts suppliers retool their facilities, purchase new equipment, and expand or build new facilities to meet the demand for more fuel efficient vehicles. They are also seeking for funding for advanced battery technology to help speed the development of plug-in hybrids and pure plug-in vehicles.

"The entire industry is transitioning to more efficient vehicles and more fuel-saving technologies," said MEMA President and CEO Bob McKenna. "We hope that when Congress returns next month, they will encourage this transition by providing the necessary funding to assist the hundreds of companies, big and small, that are working to get this job done."

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