Auto Dealers: Border Adjustment Tax Will Hurt Dealers and Customers

Alexandria, VA (May 23, 2017) – America’s 9,600 international nameplate automobile dealers today reinforced their opposition to a border adjustment tax as the House Ways and Means Committee held a hearing on the proposal. The American International Automobile Dealers Association (AIADA)—whose members employ 577,000 Americans and accounted for 59 percent of all U.S. retail vehicle sales last year—today issued the following statement from President Cody Lusk.

Border Adjustment Tax Faces Uphill Battle

A new study commissioned by one of the country's largest retail trade associations throws cold water on a border adjustment provision of a House GOP tax plan that appears already to have already fallen out of favor with some Republicans and President Donald Trump's administration, says U.S. News & World Report.

Ford Ousts Mark Fields as CEO and Installs Jim Hackett

In a shake-up reflecting the pressures on the American auto industry, Ford Motor replaced its chief executive, Mark Fields, on Monday and vowed to catch up in the race to build self-driving cars and define a new era in personal mobility.

You Auto Know Week in Review: May 19, 2017

Following a general tax reform hearing held yesterday by the House Ways & Means Committee, it has been announced that a hearing focused on the BAT, “Increasing U.S Competitiveness and Preventing American Jobs from Moving Overseas,” will be held by the Committee on Tuesday, May 23rd. AIADA will submit written testimony for the hearing record and encourages dealers to continue reaching out to Congress to encourage pro-growth tax reform that does not include the harmful and divisive BAT.

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