After the MA law passed and set the terms for how OEM’s respond to the independent repair industry, the OEM’s through their FADA-like association, called the Alliance of Automobile Manufacturers, entered into a Memorandum of Understanding (MOU) with the repair industry. NADA was not involved in this drafting as they opposed a national plan, so now there is much discussion by all parties about what was done and what impact the MOU has on all dealers in other states. FADA is participating and we have talked to some OEM’s to help them understand our concerns. Stay tuned – as more is expected that will be helpful in analyzing the real impact of this new MOU deal.
- IRS clarification of nondeducibility of PPP-funded expenses draws congressional opposition December 2, 2020
- Every bicyclist and pedestrian is important to someone December 2, 2020
- Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions November 23, 2020
- Update for dealers with PPP loans over $2 million November 18, 2020
- Important notice regarding system outage November 17, 2020
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