As of September 30, 2021, domestic transportation of goods within Mexico will have to be accompanied by a new tax requirement: the Bill of Lading Complement. Regardless of whether such goods travel by land, rail, air, or sea, either using a company’s own vehicles or a trucking or transportation company’s, entities sending goods through the country will have to modify their electronic invoices (“CFDI,” as per its acronym in Spanish) to include the requirements established…
State legislatures across the country spent the first half of 2021 enacting laws that include several changes to warranty reimbursement obligations owed by suppliers to authorized dealers. Four states have new warranty reimbursement laws for automotive manufacturers: Illinois Louisiana Mississippi South Carolina One state has changed its warranty reimbursement laws for manufacturers of medium- and heavy-truck engines, transmissions, or rear axles: South Dakota There is also one new law on the books, changing warranty reimbursement…
Governments around the globe are facing a classic chicken and egg conundrum – do they wait for automotive 2.0 to arrive en masse before they invest untold sums of money in infrastructure to support the Automotive 2.0 movement, or do they invest now and hope the Automotive 2.0 arrives as promised (and without technology they didn’t anticipate)? This conundrum, like almost all things in life, is complicated by the everyday responsibilities of governments over the…
By now, everyone knows there is a global auto supply shortage. The impacts of pandemic supply constraints and a global microchip shortage have combined to shrink inventory.  June sales saw a significant impact on new-car sales, with June down 14 percent versus 2019. On the flip side, auto industry companies are seeing soaring profit levels on new cars.  Low supply and high demand have led to limited discounting of new vehicles.  Ford posted
As long-time blog readers likely know, we are big fans of car movies, and even bigger fans of car movies that defy the laws of gravity. Of course we could not miss the ninth installment of the best cars-defying-gravity franchise around: F9, aka Fast & Furious 9. We will focus on the cars and creative interpretation of the laws of physics, so as not to spoil the movie for other super fans awaiting…
In January, GM became the first large US auto manufacturer to commit to stop manufacturing gasoline-powered passenger cars and switching entirely to zero emissions vehicles for passenger cars, vans, and SUVs by 2035. The news made a major splash around the world. GM also committed to making its facilities neutral by 2040. As we reported back in 2017, GM had planned to introduce 20 new EVs by 2023. GM announced this year it will…
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…