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Month: April 2020

USMCA to enter into force July 1, Lighthizer says

USMCA to enter into force July 1, Lighthizer says

The announcement comes after reports last month that the Trump administration was considering a June 1 start date, stirring concern among automakers, parts suppliers and trade groups that said the deadline could disrupt a smooth transition from NAFTA to the new trade deal, especially amid the coronavirus pandemic.

AutoNation, Penske return SBA loans

AutoNation, Penske return SBA loans

AutoNation, the biggest U.S. dealership group, voted Thursday to return the Paycheck Protection Program funds, after new federal guidelines were issued. No. 2 Penske Automotive made its decision the day before. Other big groups didn’t apply.