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Rick Haglund: What’s at Stake for Michigan’s Auto Industry with the next Presidency, Congress

October 25, 2020

Crain’s Detroit Business

By: Rick Haglund

Michigan’s automakers and the hundreds of parts suppliers who support them have a lot riding on the outcome of the Nov. 3 presidential election.

Decisions by the next president and Congress on trade, the environment, energy and public health will have a huge impact on an industry making a historic transformation to electric vehicles.

And while automakers have bounced back from the coronavirus pandemic more quickly than predicted, some say the industry — particularly small suppliers — and consumers will need continued financial aid into 2021 to head off another collapse.

That could be especially critical if what appears to be a second round of COVID-19 ravages the country this winter and shuts down the economy again.

 

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