The auto industry continues to wait for the specific terms of a trillion-dollar economic stimulus package, but the sector could get a slice of the pie through a $500 billion fund from the U.S. Department of Treasury, according to the Alliance for Automotive Innovation’s top executive.
“It is fairly clear to me — again having been through 2008-09 and also in my conversations on Capitol Hill and with the administration — that there is definitely a focus on the auto sector. No question about it,” John Bozzella, CEO of the Alliance for Automotive Innovation, said during a webinar Tuesday organized by the Center for Automotive Research.
Bozzella was joined by CAR’s Kristin Dziczek, vice president of industry, labor and economics.
“In terms of what the actual prioritization is and the use of the facilities would be is really going to be up to individual companies working with the Treasury and with the Fed,” he said.
Also Tuesday, senators continued to debate the third phase of an…