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press releases: 2006 Automotive, Heavy Duty Suppliers Thank Congress for Passage of R&D Credit Legislation Release Date: December 20, 2006 WASHINGTON, D.C. – The Motor and Equipment Manufacturers Association (MEMA), the nation’s oldest and largest association representing automotive and heavy duty suppliers, thanks Congress for passing legislation to extend and strengthen the federal research and development (R&D) tax credit. “The R&D credit helps MEMA members to create and retain high-wage, high-skill jobs in the United States,” said Bob McKenna, MEMA president and CEO. “Thanks to Congress’ action on this important issue, MEMA members will be able to continue their work on developing advanced technologies – such as fuel savings and safety systems – which benefit American motorists as a whole.” MEMA (www.mema.org) represents more than 700 motor vehicle product manufacturers with nearly 12,000 U.S. plant locations and 1.2 million workers. Together, these companies keep the U.S. automotive and truck industry supplied with the components that enable it to produce some 17 million vehicles annually and keep the 232 million vehicles on the road with replacement products and services. MEMA supports its members through its three market segment associations: Automotive Aftermarket Suppliers Association (AASA), Heavy Duty Manufacturers Association (HDMA) and Original Equipment Suppliers Association (OESA). Contact information: Margaret Beck
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