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Free Trade Agreements Automotive Industry

Baker Donelson

Final Regulations on Tax Credits for Electric Vehicles: No Time to Relax

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The Treasury finalized regulations for the Clean Vehicle Credit under I.R.C. Section 30D. These regulations are effective July 5, 2024. The Section 30D credit, up to $7,500, applies to new electric or fuel cell vehicles...more

Holland & Knight LLP

Treasury Department Releases Final Regulations on Clean Vehicle Credits Under Sections 25E, 30D

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The U.S. Department of the Treasury and IRS released final regulations on May 3, 2024, on Clean Vehicle Credits under Sections 25E and 30D of the Internal Revenue Code. Among other areas, the regulations provide final...more

ArentFox Schiff

Five Hot Button Trade Issues for the Electric Mobility Industry in 2024

ArentFox Schiff on

The Electric Mobility industry is on track for another exciting year. However, current and forthcoming US agency regulations continue to inject confusion and costs in critical supply decisions, for which legal tools can...more

Sheppard Mullin Richter & Hampton LLP

Tax Credits for Electric Vehicle Batteries Under the Inflation Reduction Act: Free Trade Agreement Edition

On March 31, 2023, the U.S. Department of Treasury and Internal Revenue Service (IRS) released proposed guidance clarifying how manufacturers may meet the critical minerals and battery sourcing requirements for the clean...more

Foley & Lardner LLP

Nearshoring and Beyond: Hot Topics for Automotive Companies Operating in Mexico

Foley & Lardner LLP on

As manufacturing in Mexico returns to pre-pandemic levels, several recent legal developments may affect those operations. Manufacturers, particularly those in the automotive industry, need to consider new Mexican labor...more

White & Case LLP

US Treasury Department Publishes Proposed Guidance on Clean Vehicle Tax Credits

White & Case LLP on

On April 17, 2023, the US Department of the Treasury ("Treasury") and the Internal Revenue Service ("IRS") published the Notice of Proposed Rulemaking for the Section 30D New Clean Vehicle Credit (the "Proposed Rules") to the...more

Hogan Lovells

New rules for electric vehicles tax credits raise concerns under U.S. international obligations

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The Inflation Reduction Act (IRA) was signed into law by President Biden on August 16, 2022. The IRA made major changes to United States rules for electric vehicle (EV) tax credits. The IRA and its implications for...more

ArentFox Schiff

WorldSmart: The Impact of Export Control and Economic Sanctions on International Business

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In this WorldSmart podcast, International Trade & Investment Practice Leader Kay Georgi discusses the current and future issues of export controls and economic sanctions, with International Group Co-Chairs Hunter Carter and...more

Foley & Lardner LLP

Renewed Biden Administration Commitment To the International Trade War Underscores Importance of Customs Compliance for Automotive...

Foley & Lardner LLP on

1. Customs Compliance Will Continue to be Essential Under the New Administration - Under the Trump administration, customs matters came to the forefront of compliance attention for many automotive companies. This was...more

Foley & Lardner LLP

Mexico’s Role in the USMCA-Driven Consolidation of the North American Auto Industry

Foley & Lardner LLP on

It’s the beginning of a new year! 2020 is over, COVID-19 vaccines are being administered, the USMCA is in effect, and there is an apparent unofficial understanding that the auto industry is essential in North America (Mexico,...more

Hogan Lovells

Living Mobility Spotlight Q&A series (UPDATED)

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What is Living Mobility? It is easier to say what it is not. The automotive industry is no longer focused on the traditional vehicle. Not only are the vehicles changing but we are now focused on mobility: different modes of...more

ArentFox Schiff

Wait Is Over: USMCA Border Enforcement Begins

ArentFox Schiff on

US tariffs are applied at the time of import and so the elevated role played by US Customs and Border Protection should not be underestimated. While the Customs section begins with the analysis “The Wait Is Over: USMCA Border...more

Maynard Nexsen

United States – Mexico – Canada Agreement (USMCA)

Maynard Nexsen on

The United States – Mexico – Canada Agreement (USMCA) goes into effect today, replacing the 25 year old NAFTA treaty. Updating NAFTA was one of the highest priorities of the Trump administration; USMCA eventually garnered...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

USMCA Preview: Alternative Methods of Dispute and Temporary Relief for Vehicle and Light Truck Producers

After more than two years of deliberation, the United States-Mexico-Canada Agreement [T-MAC in Mexico] will enter into force on July 1, 2020. The three-nation agreement includes a key element employers may want to take note...more

Sheppard Mullin Richter & Hampton LLP

Nota Bene Episode 70: Examining the USMCA: Is it Simply a Rebranded NAFTA? with Scott Maberry

As trade with our North American neighbors continues to evolve and grow, we’re taking a closer look at the newly ratified United States-Mexico-Canada Agreement (USMCA) and examining how the new Agreement will impact trade...more

Robins Kaplan LLP

Financial Daily Dose 1.30.2020 | Top Story: Facebook Pays $550 Million to Resolve Privacy Class Action Over Use of Facial...

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Facebook has agreed to pay $550 million to resolve a class-action lawsuit claiming that Zuck & Co.’s use of facial recognition technology violated Illinois’ biometric privacy law. Though the settlement is little more than “a...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

USMCA Review: A New Deal for Labour in the ‘New NAFTA’

The United States–Mexico–Canada Agreement (USMCA) is a free-trade pact that was announced on November 30, 2018. This agreement changes the current rules governing North American trade contained in the North American Free...more

Sheppard Mullin Richter & Hampton LLP

Modernizing NAFTA: The United States-Mexico-Canada Trade Agreement

On January 16, 2020, the United States Senate voted by an overwhelming majority to pass the implementing legislation for the United States-Mexico-Canada Trade Agreement (USMCA) after months of tense negotiations with...more

Foley & Lardner LLP

Updated USMCA a Breath of Fresh Air in a Distressed Trading World

Foley & Lardner LLP on

The updated USMCA was signed on December 10, 2019. These are not business-as-usual times in the trading world. As we know, there is the ongoing trade war with China, Brazil and Argentina are back in the steel and aluminum...more

White and Williams LLP

US-Mexico-Canada Agreement Advantages Over NAFTA Relating To Intellectual Property, Agriculture and Automotive Manufacturing

White and Williams LLP on

Passage of the United States-Mexico-Canada Agreement (USMCA) has recently been characterized by the media as a political issue, with President Trump pushing for a vote by year’s end and House Speaker Nancy Pelosi not...more

Robins Kaplan LLP

Financial Daily Dose 11.22.2019 | Top Story: WeWork Cuts Nearly 20% of Global Workforce

Robins Kaplan LLP on

The first cuts from WeWork hit this week, and they’ll take the form of 2,400 employees around the world—some 20% of the struggling company’s workforce....more

Dickinson Wright

Summary of Automotive Provisions of USMCA*

Dickinson Wright on

The automotive industry has a long history in North America. For example, Ford started making cars in the US in 1903. It started making cars in Canada in 1904....more

Foley & Lardner LLP

Manufacturing in Mexico?

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Opportunities and challenges to think through before pursuing the Manufacturing, Maquiladora and Export Services Industry program (IMMEX)....more

Foley & Lardner LLP

Import Duties to Be Paid in U.S. to Solve Immigration and Bring Back Manufacturing. Really?

Foley & Lardner LLP on

Due to what was firstly characterized as an illegal immigration crisis, and then as a measure to force companies to leave Mexico and return to the U.S., the Trump administration announced that starting June 10, 2019, it plans...more

Foley & Lardner LLP

What Auto Manufacturers Need to Know About Mexico Under the USMCA

Foley & Lardner LLP on

Building upon the centuries-old business relationship between Mexico and the United States, NAFTA allowed both countries to benefit from a seamless workshop that clearly made the pie larger. The 25-year-old contract needed to...more

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