Tagged: auto industry

Gov. Jay Nixon wants to offer larger incentives to a wider variety of automobile parts suppliers as part of a plan to rebuild the automotive industry in Missouri.

Nixon's administration provided details to The Associated Press of a plan the governor has been touting in broad terms for the past couple of weeks.

Nixon is seeking to expand special automotive industry incentives approved in 2010 that have been used to persuade Ford and General Motors to expand operations at Missouri plants. The 2010 law also authorized incentives for suppliers to automakers.

Last provision of Mo. law aimed at curbing auto extended service contract industry takes effect

Republican Senator Scott Rupp sponsored the legislation after he says he received lots of complaints about the businesses in his suburban St. Louis district. 

The last portion of the law to take effect requires the extended contract service providers, and their employees, to apply for a license with the Missouri Department of Insurance.

You've likely seen the commercials for vehicle service contracts on TV promising to save customers thousands of dollars in repairs to their older cars and trucks.

And St. Louis is like the Silicon Valley of those vehicle service contract companies. But while the industry continues to thrive, Missouri's Better Business Bureau logged almost 1,000 complaints about it last year alone.