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Key Initiatives
Current key initiatives that the APMA is involved in include:
- Michigan Business Tax Exemption for shipments to Michigan ($192 M in savings, or ¾ % of sales per company for shipments to/thru Michigan)
- Support for automotive sector and emergency assistance for our customers $6.0 Billion (GM and Chrysler). At APMA's request, government added as a condition for support that suppliers continue to be paid according to usual trade terms
- Lack of liquidity for supply sector (emergency loans forthcoming)
- Access to increased EDC receivables Insurance facilities
- Corporate tax reductions 21% to 15% by 2015
- Capital equipment rapid depreciation extended from 2 years to 5 years
- Increased funding for innovation, research and development programs - AUTO21 renewed for another 7 years at $5.8 million per year, for a total of 14 years; $145 Million over 5 years Automotive R & D Partnership Initiative
- Successfully defending Canadian automotive parts suppliers' interests in a possible Canada/South Korea Free Trade Agreement and won Canada's WTO Challenge of China's illegal treatment of Canadian automotive parts imported into China.
Networking and Education
- Market Intelligence Program (AMIP)-saving of 25% off of market rates
- Government supported programs for Operational Effectiveness Improvement (APMA OEM Program $600 K or $16 K/company), Training (Yves Landry Foundation $25 M or $50 K/company ), Capital Equipment (CME SMART Program $25 K or $50 K/company)
- Marketing opportunities through trade missions, Canada Supplier Days, lead generation, promotions and networking
- Distribution of information on changing government policies and laws affecting the industry and providing industry updates
- Educational events (seminars, workshops, conferences) with discounted member pricing
- Group Employee Benefits Program operated by Mercer Consultants, saving employee benefit costs for companies
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