Primary Navigation
Mission & Values
Mission Statement:
"To promote the manufacture in Canada of automotive parts, systems, components, materials, tools, equipment and supplies, and also the provision of services used in the automotive industry and in particular for the origional equipment market; and to engage in activities in support of the welfare of the members of the Association."
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.
These initiatives can immediately change based upon developments in the industry.
Viewed 973 times
Page Options