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ARTICLE · 27 AUGUST 2024

Foley Automotive Update

Foley & Lardner LLP
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Analysis by Julie Dautermann, Competitive Intelligence Analyst

GlobalTransport
Ann Marie Uetz
Ann Marie Uetz
Vanessa Miller
Vanessa Miller
Nicholas Ellis
Nicholas Ellis
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Analysis by Julie Dautermann, Competitive Intelligence Analyst

Foley is here to help you through all aspects of rethinking your long-term business strategies, investments, partnerships, and technology. Contact the authors, your Foley relationship partner, or our Automotive Team to discuss and learn more.

Key Developments

  • A number of auto suppliers are reducing R&D and engineering budgets in response to cost pressures, according to a report in Crain's Detroit.
  • Declining automotive plant capacity utilization in the U.S. is expected to be a significant industry risk amid the unpredictable transition to EV production, according to analysis from GlobalData featured in Automotive News.

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