Automotive Industry In Crisis: Survival Strategies for Suppliers

Unprecedented distress in the financial and consumer markets threatens the viability of the Detroit 3. Whether or not Congress provides financial relief to the industry, automotive suppliers need to understand the tools and options available to mitigate their risks and protect and position themselves. Foley’s Automotive Industry Team develops and applies these strategies for our clients every day.

In response to extraordinary demand from our clients, Foley provided— in one focused briefing — the practical strategies suppliers need to help them through the industry-wide crisis. Foley’s automotive contract and bankruptcy attorneys outlined the issues specific to automotive supply contracts in this distressed market.

Topics included:

• Automotive supplier situation assessment
• Comprehensive contract review
• Demands for adequate assurance
• Set-off and recoupment
• Mitigating exposure and using contract leverage in bankruptcy
• Achieving critical supplier status
• Assumption or rejection of executory contracts
• Legislative update

Speakers

• Mark A. Aiello
• Patrick D. Daugherty
• Judy A. O’Neill
• Thomas B. Spillane
• Ann Marie Uetz

For more information, please contact Jennifer Bartz at jbartz@foley.com.