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    Stock Market News: Volatility Up 14% As Markets Fall

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Trump says he’ll help auto industry ‘at least a little bit’

Trade News by Trade News
March 19, 2020
in Personal Finance
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Trump says he’ll help auto industry ‘at least a little bit’
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WASHINGTON — President Donald Trump said the administration would help the U.S. auto industry manage the impact of the coronavirus amid concerns about the health of auto-parts manufacturers.

“We’re watching the auto industry very much,” Trump said Thursday on a call with state governors. “We’re going to be helping them out at least a little bit and they’ve sort of requested some help, and it wasn’t their fault what happened. So we’ll be taking care of the auto industry.”

His comment was prompted by Michigan Democratic Gov. Gretchen Whitmer, who said she had concerns about the finances of some auto parts suppliers.

Earlier Thursday, the Motor Equipment Manufacturers Association asked congressional leaders to create a “Manufacturing Emergency Assistance” grant program “to keep the doors open, preserve jobs, and prevent bankruptcies in the vital manufacturing sector.”

In a letter to House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell and other top…



Source Autonews.com

Tags: autobithellindustryTrump
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