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ARTICLE · 27 NOVEMBER 2023

Foley Automotive Update - 22 November 2023

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

United StatesTransport
Ann Marie Uetz
Ann Marie Uetz
Vanessa Miller
Vanessa Miller
Nicholas Ellis
Nicholas Ellis
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This update helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Contact your Foley relationship partner, or Ann Marie Uetz, Vanessa L. Miller, or Nicholas J. Ellis, to follow up.

Key Developments

  • Labor negotiations between the UAW and Detroit Three automakers concluded following the ratification of contracts by a narrow margin at GM, and by wider margins at Ford and Stellantis.
  • Higher wages for autoworkers resulting from new labor contracts could impede efforts to sell EVs at more affordable price points, according to a report in Bloomberg.
  • The percentage of consumers considering an EV purchase declined, and high selling prices are a key market barrier, according to analysis from S&P Global Mobility featured in The Wall Street Journal.

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