The Association For Manufacturing Technology Wants Technology Suppliers Protected in Light of GM Bankruptcy

By DE Editors

AMT, The Association For Manufacturing Technology, is urging Congress and the Administration to protect the manufacturing technology supplier base in the wake of GM’s Chapter 11 bankruptcy filing.

According to the association, manufacturing technology suppliers are a crucial component to ensuring that a revived GM is once again a top international competitor, with the ability to produce the most advanced vehicles in the world. But if government fails to act, a number of those technology suppliers might not exist to further the mission of a revitalized American automotive industry, the association states.

“One critical action that government can take right now is to expand the Auto Supplier Support Program to include manufacturing technology providers up and down the supply chain, as currently they are not receiving any direct funds from the program,” says Douglas K. Woods, AMT president. “Additionally,  GM has so far received $19.4 billion from the federal government to cover operations and losses. The total could reach as much as $50 billion in government support. Some portion of the additional funds should be funneled toward its key manufacturing technology providers.”

AMT’s attempts to reach out to the President’s Auto Task Force have so far not been answered. Because many technology providers that supply the automotive industry also support the defense industry, the association says their survival must be guaranteed to ensure that the U.S. is not one day relying on foreign suppliers for national security.

For more information, visit The Association for Manufacturing Technology.

Sources: Press materials received from the company and additional information gleaned from the company’s website.