A few weeks ago, we wrote about the demise of 2,500 dealerships, the loss of thousands of jobs and the need for a “no-fly zone” to protect car buyers.
In a nutshell, Trump is doing the bidding of big automakers.
So, is there a lesson to be learned from this?
It’s not a good idea to put your trust in the hands of big corporations.
The Trump administration, which has been at war with automakers since the 1970s, has put the safety and the livelihoods of thousands and thousands of workers at risk.
And, for the first time in our nation’s history, our country’s biggest corporations are pulling out of the auto industry entirely.
It’s time for the United States to start looking at its own auto industry, and not the corporate takeover of it.
Read moreWhat’s in store?
The Trump administration will not allow dealerships that sell used cars to be allowed to remain open, even as they continue to be forced to close.
That means a number of small and independent dealerships will shut down.
This includes the small-to-medium-sized car dealers, as well as small- and medium-size truck dealerships.
The only dealerships allowed to stay open will be those with a few thousand employees.
The National Automobile Dealers Association (NADA) is urging dealers to close as quickly as possible, as dealers are forced to do so under the Trump administration’s proposed regulations.
The Trump Administration will not accept the small and medium car dealers’ demand for a complete shutdown of their dealerships and to keep their operations going.
As a result, they have asked for more time to comply with the new regulations.
The government is considering this request, and will determine what to do if it fails to comply.
If the federal government refuses to close a dealership, the National Automotive Dealers Associations is prepared to sue the dealership for violations of federal law.
The new administration also intends to impose restrictions on the number of people who can be employed by dealers.
This is because the new administration wants to ensure that a large percentage of the car market is sold through small and local dealerships rather than through big, multinational auto manufacturers.
The dealers who are willing to open up will be able to make more money because they’ll be able compete against larger and more well-financed automakers.
The federal government is expected to offer a one-time payment of $50 million to the dealers in the form of a severance package, but this payment will only be considered after the Trump Administration has completed its regulatory review of the dealerships’ businesses and has made its determination as to whether the businesses should be closed.
As part of this review, the Trump officials also will consider whether there are alternatives to closing the dealers, and if so, how these alternatives should be provided.
If you or anyone you know is interested in working in the auto sector, please contact us.