Economic Influence Subject of MEMA ‘Landmark’ Study - Tire Review Magazine

Economic Influence Subject of MEMA ‘Landmark’ Study

(Akron/Tire Review) Motor & Equipment Manufacturers Association (MEMA) has undertaken what it calls “a landmark study” to document the economic influence of automotive and heavy-duty suppliers.

The study, which is scheduled to be completed in November, will analyze the economic contribution of suppliers to the nation’s economy and will provide data on both a national level and state-by-state breakdown, MEMA said. “The data will result in valuable statistics such as direct and intermediate employment; value of goods shipped; value of goods and services purchased; the percentage of sales suppliers dedicate to engineering, research and development; federal, state and local taxes generated from automotive suppliers; and total compensation for both direct and intermediate employment,” the association said in a statement.

“It’s time for automotive and truck product manufacturers to step out of the shadows,” said Bob McKenna, president and CEO of MEMA. “We know that we are a major force in the nation’s largest manufacturing industry, but now it is time to tell the rest of the world our story.”

You May Also Like

Bridgestone Americas Releases 2022 DE&I Annual Report

The 2022 DE&I Annual Report outlines improvements Bridgestone has made in its three DE&I focus areas.

Bridgestone announced the release of its 2022 DE&I annual report. The report includes a detailed scorecard on its diversity representation across the US and Latin America along with a breakdown of its DE&I commitments, strategy and efforts in the last year.

“The release of our second DE&I Annual Report further solidifies our focus on empowering our teammates and the communities where we live, move, work and play,” said Ebonee Davis Ifeobu, vice president of diversity, equity and inclusion at Bridgestone Americas. “Last year, we made a commitment to build upon the DE&I framework already in place and doubled down on our efforts to listen, learn and evolve. While this is an ongoing and intentional journey, I’m proud of the strides we’ve made thus far.”

What Does it Mean to Have Sustainably Sourced Tires?

Sustainability starts at the source, and tire manufacturers are thinking about where rubber comes from more than ever.

CEAT Receives Lighthouse Certification from World Economic Forum

The certification is given to manufacturers that use Industry 4.0 technologies.

Nokian Tyres Holds Innovation Challenge Finals

Sustainability at the top of mind for Nokian Tyres during its innovation challenge.

Apollo Tyres Receives ISO Certification for Sustainability

Apollo Tyres underwent a three-stage assessment for the certification.


Other Posts

Discount Tire Announces ‘Defending Daytona’

The series will highlight Austin Cindric, driver of the No. 2 Discount Tire Ford Mustang, as he prepares to defend his title at the Daytona 500.

Discount Tire Defending Daytona
Hunter’s BL Series Bench Lathes Now Connects with HunterNet 2

With the new connectivity, shop owners and managers will be able to view before and after-cut results for rotors and drums online.

GRI Receives US DOT Certification for Safety

GRI tires will now have a DOT code embossed on their sidewalls.

Five Tire Trends You Need to Know

We’re talking about recent industry trends that you can take advantage of when running your tire business.

RwtN Featured Image EP20