Foley & Lardner LLP today launched its 9th annual Automotive White Paper examining the business and legal trends that will impact the automotive industry in the year ahead.
As the world enters the third year of the pandemic and second year of severe supply chain constrictions, automotive suppliers and original equipment manufacturers (OEMs) are no longer trying to figure out when things will return to “normal” but how they can adapt their operations to succeed in this new and ever-changing environment. On top of the difficulties that the automotive industry has already faced, Russia’s invasion of Ukraine is piling on new challenges – and risks – to the world’s now battered supply chains and manufacturing operations.
At the same time, the acceleration of electric vehicle (EV) adoption is pushing automakers to transition their fleets, OEMs to develop charging and other support networks, and the U.S. administration to pass legislation to build the necessary infrastructure.
These developments, along with the rise of autonomous vehicles (AVs) and automated driving systems (ADSs), are causing a drastic technology-driven shift to the automotive industry that will change how companies approach intellectual property protection, labor and employment, cybersecurity, compliance, acquisitions, and contracts, among other issues.
All of these factors bring their own unique legal challenges and considerations, which Foley’s Automotive White Paper explores in detailed sections:
For more than 50 years, Foley has been serving automotive industry clients worldwide and continues to be recognized as a global leader in advising automotive suppliers, electric vehicle manufacturers, advanced technology providers, investors, and mobility companies. Foley’s team of more than 85 attorneys with in-depth automotive industry experience advises on a broad range of legal and business issues, bringing a particular focus to key areas including supply chain issues, electrified mobility and infrastructure, investors, franchising and distribution, and litigation, including class action lawsuits.
To read the full white paper, click here.
Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With approximately 1,100 lawyers in 25 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.