Note: We’d like to thank Anna Cumming, summer associate, for her contributions to this alert. The demand for electric vehicles is increasing rapidly. President Joe Biden’s recent infrastructure proposal included a $174 billion initiative to fund the EV market and shift away from gas-powered cars in a push to reduce domestic greenhouse gas emissions. Car companies are responding to the call—General Motors recently announced plans to end its sale of gasoline-powered passenger vehicles by…
From 2016 to 2020, Apple bought the most AI companies.  Of the AI companies Apple acquired during this time, the following appear to provide technology (e.g., vehicular technology, visual or image processing, or facial recognition) at least tangentially applicable to the autonomous vehicle (“AV”) or electric vehicle (“AV”) sectors:  Drive.ai, Emotient, Vilynx, Xnor.ai, Lighthouse AI, Spectral Edge, and Spektral. Table 1 illustrates, based on publicly available records, the number of years from company founding to…
The G-7 summit will be held June 11-13 in the United Kingdom, and world leaders have a slate of major issues to discuss- economic rebounds, international relations, and of course the pandemic and vaccine availability. However, climate change and global greenhouse gas emissions are likely to be another central focus of the discussions. Smaller countries are increasing calls for the world’s largest economies to both decrease emissions and financially contribute to smaller economies’ climate change…
The May 2021 sales figures are in, and they are good. The industry has to be careful comparing May 2021 to May 2020, but even with that said, sales are good.  As reported by Automotive News, the “seasonally adjusted, annualized rate of sales in May is forecast to come in at 16.2 million to 16.7 million.”  That is pretty robust all things considered. When compared with the prior year, some of that is certainly…
Note: We’d like to thank Zach Ulewicz, summer associate, for his contributions to this alert. The COVID-19 pandemic upended traditional mass transit options, which no longer became viable as social distancing and lock-down orders became the norm. In response, among commuters and pedestrians alike we saw a surge in micro-mobility options like bicycles and scooters as means for getting around without traditional transit options.  Consumers are now, more than ever before, looking for eco-friendly, cost…
As we previously wrote about on the blog, the availability of all forms of transportation has become more limited during the pandemic—cars, bikes, even scooters. The latest category to feel the squeeze is used car sales. Anecdotal stories abound of consumers looking far and wide for used cars, and the difficulty in snaring some of the limited stock. Dealers are chasing down former customers to offer soaring trade in values for their used cars. The…
Have you tried to buy a bicycle in the last 12 months?  How did that go? What sort of selection or choice did you have? Or how about needing just a replacement part, could you find one? Odds are that you could not find a new bike or the mechanical components you want.  My local shop has 2,500 bikes on back order and is getting in about five new orders a week. Absent improvements, that…
As the Biden administration continues to shape its environmental priorities and agenda, greenhouse gas emissions remain a sharp focus.  President Biden is hosting a White House climate summit this week, and is expected to announce plans to cut emissions levels by 2030, with reports indicating he is aiming for a 50% reduction in emissions from 2005 levels by that date.  As part of this target, President Biden is expected to order significant reductions in…
As previously mentioned in our February 15, 2021 insight, IMMEX companies in Mexico are required to electronically submit before the Mexican Ministry of Economy, an Annual Operations Report informing of their total amount of sales and exportations for the immediately preceding tax year (in Mexico fiscal years run from January to December), no later than the last business day of May. We strongly invite our clients with IMMEX premises in Mexico to comply with…
Foley & Lardner’s Weekly Automotive Report helps automotive suppliers inform their complex legal and operational decisions on market trends and regulatory matters, OEs and suppliers, connected/autonomous vehicles and mobility services, electric vehicles and low emission technology. Stay up to date and ahead of the curve with our key publication addressing today’s challenges and tomorrow’s opportunities. If you have any questions about these topics, please contact your Foley relationship partner, or John R. Trentacosta or Ann