LLP

Foley Weekly Automotive Report – May 2021 – 2 | Foley & Lardner LLP

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

Key Developments

  • LMC Automotive increased its 2021 U.S. light vehicle sales forecast to 17 million units following April sales results, which reached a SAAR of over 18 million units.
  • New-vehicle inventories fell to 1.9 million units industrywide in April, down from 2.4 million units in March – this represents a 33 days’ supply, compared to 88 days one year ago.
  • U.S. fleet sales were down by 16% for January – April compared to the same period last year, and 31% lower from
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Foley Weekly Automotive Report – May 2021 | Foley & Lardner LLP

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

Key Developments

  • Preliminary estimates for U.S. new light vehicle sales in April predict a SAAR ranging from 16.5 to 18.1 million units, according to Cox Automotive, and J.D. Power and LMC Automotive.
  • In an earnings call last week, Ford warned of a potential volume loss approaching 1.1 million vehicles for the full year’s planned production due to the ongoing global semiconductor shortage
  • Due to the semiconductor shortage, GM announced additional downtime for five North American plants; Volkswagen’s Mexico unit will
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Samson Rock Capital LLP – Form 8.3

Bloomberg

Moderna Booster Effective; Canada May Mix Shots: Virus Update

(Bloomberg) — Moderna Inc. said mid-stage trials showed its booster shots were effective against strains of the coronavirus that emerged from Brazil and South Africa. Canada became the first nation to clear the Pfizer-BioNTech coronavirus vaccine for adolescents.U.S. cases could see a sharp decline by July if nationwide vaccination efforts continue to be successful, according to the Centers for Disease Control and Prevention. The U.S. will support a proposal to waive intellectual-property protections for vaccines, joining an effort to increase global supply and close the gap between rich and poor

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Infrastructure Plan Relies On Federal Loan Programs | Skadden, Arps, Slate, Meagher & Flom LLP

On March 31, 2021, President Biden released one of his most significant policy initiatives, the American Jobs Plan. The eight-year, over $2 trillion plan proposes large investments in a broadened scope of infrastructure. In addition to upgrades to traditional transportation infrastructure such as highways, bridges, ports, airports and transit systems, the plan details other priorities such as promoting electric vehicles, building a more resilient electric grid, rebuilding water infrastructure and expanding high-speed broadband access.

The plan’s implementation is expected to rely heavily on direct financing from federal loan programs in addition to tax credits and other incentive programs, and direct

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Foley Weekly Automotive Report – April 2021 – 4 | Foley & Lardner LLP

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Contact your Foley relationship partner, or John R. Trentacosta or Ann Marie Uetz, to follow up.

Key Developments

  • Due to the semiconductor shortage, Stellantis will reduce shifts through the end of May at its Jefferson North Assembly plant in Detroit; Ford extended shutdowns for two additional weeks in Chicago, Flat Rock, Michigan, and Kansas City, Missouri;Subaru’s Indiana plant is down from April 19-30.
  • Volkswagen has experienced a production loss of 100,000 vehicles globally as a result of the
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Massachusetts Offers Opportunities for Stakeholder Engagement to Address Transportation Emissions | Holland & Knight LLP

Greenhouse gas (GHG) emissions from transportation are a major focus of the recently issued Massachusetts 2050 Decarbonization Roadmap (the Roadmap) and the Massachusetts Clean Energy and Climate Plan (CECP) for 2030. For further information on the Roadmap and the CECP, see the authors’ earlier blog post, “The Road to Net Zero is Paved With Numerous Policy Initiatives” (Jan. 22, 2021).

This post highlights upcoming opportunities for stakeholder engagement related to regulatory initiatives to address transportation emissions, which include Massachusetts Department of Environmental Protection (MassDEP) stakeholder meetings and a public comment period on the Transportation and Climate Initiative

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