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ARTICLE · 18 MAY 2022

Foley Automotive Report (17 May 2022)

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

United StatesTransport
John R. Trentacosta
John R. Trentacosta
Ann Marie Uetz
Ann Marie Uetz
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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

  • A Supplier Alert from Foley & Lardner shared key points involving the decision by Stellantis to rescind unpopular new purchase order terms and conditions.
  • LMC Automotive estimates U.S. new light-vehicle sales  reached 4.55 million units  in the first four months of 2022, representing a decline of 16% from the same period in 2021, but up by 8% from 2020.

  • The semiconductor shortage has resulted in the loss of nearly 1.7 million units of global production this year, according to AutoForecast Solutions quoted in The Detroit News.

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