News & Analysis as of

Automotive Industry Buyers

McDermott Will & Emery

Mobility@McDermott: Monthly Update (04/2024)

1. “No re-export to Russia” clauses become mandatory for certain contracts within the EU - As of March 20, 2024, so-called “no re-export to Russia” clauses have become mandatory for certain types of contracts concluded by...more

White & Case LLP

International bidders bolster German M&A

White & Case LLP on

Amid a challenging economic climate, international buyers prompted by the energy transition target mainstay sectors including industrials & chemicals and automotive - German M&A has been negatively impacted by an array of...more

McDermott Will & Emery

Mobility@McDermott: Gamechanger for the Supply Industry?

THE CURRENT CLIMATE IN THE AUTOMOTIVE INDUSTRY The Russo-Ukrainian conflict, supply chain disruptions and the lasting impact of the pandemic have shaped our world, leaving no industry untouched. The automotive sector, in...more

Dickinson Wright

Michigan Supreme Court Decision – A Reminder on Requirements Contracts

Dickinson Wright on

Michigan law requires contracts for the sale of goods worth $1,000 or more to be in writing and provide a quantity term. On July 11, 2023, the Michigan Supreme Court ruled in MSSC, Inc. v. Airboss Flexible Products Co....more

Sheppard Mullin Richter & Hampton LLP

The Art of the Dealership: A Legal Road Map for Buying and Selling Automotive Dealerships

The past few years have seen dramatic shifts for mergers and acquisitions involving automotive dealerships. It has been estimated that approximately 3% of dealerships undergo a change of ownership in an average year...more

Sheppard Mullin Richter & Hampton LLP

Colorado AG Secures Latest Settlement over Unearned GAP Fees

On January 4, the Colorado Attorney General announced that his office entered into assurances of discontinuance (available...) with two credit unions that will result in $4 million being refunded to Colorado borrowers who...more

ArentFox Schiff

Podcast: Buy-Sell Market - Factors to Consider in Transactions of Automotive Dealerships

ArentFox Schiff on

In today’s podcast episode, Aaron Jacoby speaks with Breanne Eagles and Kim Linebarger from Moss Adams to discuss the current state of the buy-sell market for automotive dealerships and factors to consider when going to...more

Perkins Coie

Antitrust Enforcers Heeding President’s Call on Agriculture and Transportation

Perkins Coie on

President Joe Biden issued Executive Order 14036 on Promoting Competition in the American Economy on July 9, 2021. Touting the advantages of an “open and competitive economy,” the executive order highlights how competitive...more

Hudson Cook, LLP

Be Careful with Sales Made at a Customer's Home

Hudson Cook, LLP on

Let's say you want to drive the vehicle a customer is interested in buying to that person's home, let the customer see and test-drive the car, negotiate the price of the car, present and offer F&I products, and then have the...more

Foley & Lardner LLP

Supply Contract Update: Michigan Court of Appeals Affirms that a Requirements Contract Need Not Be Exclusive (Cadillac Rubber &...

Foley & Lardner LLP on

On February 11, 2020, the Michigan Court of Appeals issued a significant decision that impacts manufacturing supply contracts – especially those in the automotive industry – holding that a buyer may enforce a supply contract...more

Jaburg Wilk

Auto Dealership Liability for Accidents Occurring During Test Drives: How to Protect Your Dealership

Jaburg Wilk on

Prospective car buyers are no different than the drivers we encounter daily on the road: some are skilled, some are not so skilled. Add to that the prospective buyer’s unfamiliarity with the vehicle they are test-driving,...more

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