The advisory covers unions whose main office is located in areas highly impacted by the pandemic. The UAW's report was expected to shed light on its financial condition amid the ongoing federal corruption scandal and last year's strike at General Motors.
Unlike the Great Recession, when the Detroit 3 initially asked Congress for $50 billion to stay afloat, automakers have avoided direct pleas for a financial rescue. Instead, automakers, dealers and suppliers advocate for broader relief during a public health crisis..
While legislative language is evolving, a $500 billion fund within the trillion-dollar economic stimulus package being discussed by Congress could be used for loans to businesses in severely distressed sectors of the economy.
In an email to Congress obtained by Automotive News, the Alliance for Automotive Innovation reiterated the automotive industry's role in the economy and the negative impact caused by the coronavirus to all aspects of the sector, as the country awaits further details of a $2 trillion economic stimulus package.
Industry policy expert Hilary Cain is joining the Alliance for Automotive Innovation as the auto lobbying group's vice president of technology, innovation and mobility, where she will work on the policy side to drive consensus on key issues impacting the industry.