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The auto industry's two major trade groups — Global Automakers and the Alliance of Automobile Manufacturers — confirmed today that they're merging.
The state of play: The new organization, called the Alliance for Automotive Innovation, is headed by John Bozzella, who was CEO of Global Automakers.
Why it matters: The union comes as the industry is grappling with a suite of headwinds, ranging from sluggish sales to trade tensions to uncertainty about U.S. emissions rules.
- The auto industry has splintered over its approach to White House moves to greatly scale back Obama-era mileage and carbon emissions rules.