The automotive industry is a critical component of the U.S. economy connecting a wide range of industries, from part and raw material suppliers to providers needed for the day-to-day sale and operation of vehicles. In July 2020, Dykema, MICHauto and The Right Place canvassed automotive executives, professionals and service providers to gauge their perspectives on the U.S. economy and the automotive industry and, particularly, the effect of the COVID-19 pandemic.

Click on the links below for insights regarding how respondents feel COVID-19 affected the U.S. economy and the automotive industry.

Flash Survey Results and Summary

Flash Survey Infographic

Additionally, Dykema, MICHauto and The Right Place will host a joint webinar on August 13 reviewing the results and discussing how COVID-19 will shape the future of the automotive industry. Click here to register. Should you have any questions or if you would like more information, please contact your Dykema attorney or any member of Dykema’s Automotive Industry Group.

Photo of Laura C. Baucus Laura C. Baucus

Laura C. Baucus, leader of Dykema’s Financial Services Litigation Practice Group, has extensive experience representing banks and servicers in nationwide litigation involving mortgage products, mortgage loan servicing, escrow and insurance proceeds, and note and collateral enforcement. Her significant legal project management expertise includes…

Laura C. Baucus, leader of Dykema’s Financial Services Litigation Practice Group, has extensive experience representing banks and servicers in nationwide litigation involving mortgage products, mortgage loan servicing, escrow and insurance proceeds, and note and collateral enforcement. Her significant legal project management expertise includes leading a team on a multi-million dollar consumer financial services litigation portfolio as well as managing hundreds of multi-state financial lawsuits for national banks and servicers.

Photo of Thomas S. Vaughn Thomas S. Vaughn

Thomas S. Vaughn’s practice focuses primarily on mergers and acquisitions, public securities offerings, public company securities compliance and private placements of securities involving institutional, venture capital and private investors.

Mr. Vaughn serves as United States general corporate counsel for a number of international…

Thomas S. Vaughn’s practice focuses primarily on mergers and acquisitions, public securities offerings, public company securities compliance and private placements of securities involving institutional, venture capital and private investors.

Mr. Vaughn serves as United States general corporate counsel for a number of international companies, with a focus on companies involved in the automotive industry. He has assisted these clients in establishing and growing their United States operations through both acquisitions and internal growth.

He counsels public and non-public companies on issues surrounding mergers; stock purchases and asset acquisitions; commercial loan financings; board of director meetings and general board relations; stock-based employee benefits plans; anti-takeover defense mechanisms; partnership syndications and joint ventures; product distribution relationships; and the drafting and negotiation of a broad array of business agreements. He assists clients with organizational issues; negotiation of initial rounds of financing; preparation of private placement memoranda; negotiation of venture capital financing and bank financing; and initial public offering representation. Mr. Vaughn serves as corporate secretary or assistant secretary for a number of companies.