(C) Bloomberg. 2020 Ford Motor Co. Fusion vehicles are displayed at a car dealership in Orland Park, Illinois, U.S., on Friday, Sept. 27, 2019. Auto sales in the U.S. probably took a big step back in September, setting the stage for hefty incentive spending by carmakers struggling to clear old models from dealers’ inventory. Photographer: Daniel Acker/Bloomberg
(Bloomberg) — The U.S. newly deemed vehicle sales an essential service in revised federal guidelines Friday, potentially easing the path for auto retailers to restore more normal business operations.
“Workers critical to the manufacturing, distribution, sales, rental, leasing, repair and maintenance of vehicles and other transportation equipment” are essential, the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency said. Electric-vehicle charging stations and supply chains that enable auto operations to help essential workers travel also are included.
The updated guidelines are a win for dealers that lobbied the White House after initial guidelines the agency released in mid March listed vehicle and supply manufacturing, maintenance and repair facilities as essential but didn’t reference vehicle sales or leasing operations. The agencyy added car rental and leasing employees on March 28.
(C)2020 Bloomberg L.P.
Auto Sales Are Added to U.S. Guidelines on Essential Workers
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.