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ARTICLE · 20 FEBRUARY 2023

Announcing Foley's Auto Trends 2023 Series

Foley & Lardner LLP
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With new technology-enabled entrants at every turn, a looming transition from internal combustion engines to electric vehicles, and the old-fashioned term "automobiles" falling under the wider umbrella of autonomous vehicles and ...

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Foley & Lardner
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With new technology-enabled entrants at every turn, a looming transition from internal combustion engines to electric vehicles, and the old-fashioned term "automobiles" falling under the wider umbrella of autonomous vehicles and mobility—nothing in the automotive industry is certain. Companies across the automotive supply chain are planning for, adjusting to, and hedging their bets against the current period of rapid change and growth.

The only certainties in the near term are the ongoing component supply bottlenecks, labor issues, freight delays, and inflationary and recessionary pressures that continue to plague all industries. These pressures have even more acute impacts given the volatile volume fluctuations, common contractual limitations, and slim profit margins inherent in today's automotive industry.

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