Automakers back U.S. tax relief, USMCA delay due to coronavirus

Groups representing major automakers and suppliers asked U.S. lawmakers on Friday to consider new tax relief and delay the start of a new trade deal as auto sales decline as a result of the coronavirus pandemic. On Friday, BMW AG became the latest to announce a production halt. The Alliance for Automotive Innovation — representing General Motors Co , Volkswagen AG , BMW, Toyota Motor Corp and others — and the Motor & Equipment Manufacturers Association…