Administration Pledges More than $100 Million to Support Automotive-Parts Suppliers

May 15, 2024
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Administration Pledges More than $100 Million to Support Automotive-Parts Suppliers
Announced May 6 by Vice President Harris, in concert with Governor Gretchen Whitmer, Secretary of Energy Jennifer Granholm, and Acting Secretary of Labor Julie Su: new funding and resources for small- and medium-sized auto manufacturers to expand or retool manufacturing facilities. Included is $50 million set aside by the Department of Energy (DoE) to help suppliers convert from manufacturing internal-combustion-engine parts to manufacturing parts for the electric-vehicle (EV) market.  The DoE also will set aside another $50 million to help suppliers kickstart manufacturing diversification and conversion projects.

These announcements come on the heels of the DoE making available $24 million in grants for EV and other clean-energy and advanced-manufacturing workforce-training initiatives.
 
 
 
 
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Register for PMA’s September Automotive Parts Suppliers Conference in Michigan
Registration has opened for the Precision Metalforming Association’s 31st Automotive Parts Suppliers Conference (APSC), set for September 11-12, 2024, at Auburn Hills Marriott Pontiac in Pontiac, MI.
The APSC 2024 agenda features two days of educational sessions, networking and discussions on the latest advancements; offers an industry outlook; and explores new technologies/regulations causing disruptions.
 
 
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