Tagged: Foley

Automotive Components

Foley Weekly Automotive Report – September 2021 | Foley & Lardner LLP

Foley Weekly Automotive Report

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.

Key Developments

Market Trends and Regulatory

In a recent interview with CNN, Ford CEO Jim Farley said that absentee rates at some of its factories can exceed 20%, with the return to a mask requirement at its U.S. plants cited as a contributing factor.
A new analysis from IHS Markit found that brand loyalty for new vehicles among U.S. consumers is at its lowest rate since August 2015, with the drop attributed to declines in dealer inventory resulting from the global microchip

September 2, 2021

Automotive Subscription

Foley Weekly Automotive Report – August 2021 – 3 | Foley & Lardner LLP

Foley Weekly Automotive Report

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.

Key Developments

New vehicle prices increased 6.4% in the last 12 months, representing “the largest 12-month increase since the period ending January 1982,” according to the latest Consumer Price Index.
New-vehicle inventory fell to 1.2 million units, representing a 31 days’ supply industrywide in July, according to estimates from Cox Automotive.
Nissan confirmed a two-week production shutdown beginning August 16 for its Smyrna, Tennessee, plant resulting from a COVID-19 outbreak at a semiconductor plant in Malaysia.
Faurecia will acquire

August 22, 2021