Insights

As reported multiple places, the Federal Government opened up applications on Tuesday, March 14, 2023 for a program to expand access to electric vehicle charging.

Over the course of the last three years, original equipment manufacturers (OEMs) and suppliers have been rocked by a series of challenges, including shutdowns and restarts due to COVID-19, extreme labor turnover, higher costs, and prolonged shortages requiring the use of substitutions or alternative products.

As a trial lawyer, I have spent my career marshaling factual evidence to support the legal conclusions or argument that I intend to make. I rely on good facts and marginalize bad facts, hoping to create a clear path to a clear conclusion in my argument.

As companies continue to battle supply chain challenges reshoring continues to be a trend discussed in all sorts of industries.

Whether because of supply side issues, demand side issues, or other issues, the first quarter of 2022 was not a good quarter for vehicle sales.

Foley’s Automotive team examines the business and legal trends that will impact the automotive industry in 2022.

Supply chain problems have been a recurring theme on the Dashboard since COVID began. Microchip shortages have been a problem for the industry for at least a year, if not longer.

If the automotive industry is going to start manufacturing millions upon millions of electric powered vehicles, it is going to need a lot of batteries.

The auto industry news has not gotten better. The most recent reports are now predicting that the chip shortage will last into 2023. Of course, keep in mind, that as electrification increases, the need for chips increases. Revenues are down all over the industry.