Automotive Industry Action Group Commends the Release of Dodd-Frank Final Rule Covering Section 1502 on Conflict Minerals and Pledges to Foster the Use of Responsible Sourcing Tools and Reporting

SOUTHFIELD, Mich., Aug. 23, 2012 /PRNewswire/ -- The Automotive Industry Action Group (AIAG) thanks the U.S. Securities and Exchange Commission (SEC), for issuing the final rule for implementing Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act on Conflict Minerals. This is a major development that will further help our compliance efforts within the automotive industry.

As AIAG analyzes and evaluates the final rule, we remain committed to collaborating with cross industry partners like EICC-GeSI and to continuing our efforts to pursue the development of necessary infrastructure such as the Conflict Minerals Reporting Platform (developed in collaboration with iPoint), to help supply chain participants source responsibly and meet their reporting requirements.

About AIAG

AIAG is a not-for-profit organization with more than 30 years experience working with OEMs, suppliers, service providers, government and academia to collaboratively drive down costs and streamline the complexity of the supply chain by developing global standards and harmonizing business practices.

There are more than 900 AIAG member companies, including Caterpillar, Inc., Chrysler Group LLC, Ford Motor Company, General Motors Company, Honda of America Manufacturing, Inc., Navistar International, Nissan North America, Inc., Toyota Motor Engineering & Manufacturing North America, Inc., and many of their part suppliers and service providers. For more information, visit www.aiag.org.

SOURCE AIAG

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