Automotive Industry

News & Analysis as of

CFPB Release Report Critical of Auto Title Loans

On May 18, 2016, the Consumer Financial Protection Bureau (CFPB) issued a report on auto title loans. Auto title loans are small-dollar, high interest, loans that are generally used by borrowers to cover emergency expenses...more

Autonomous Vehicle Bill Passes Tennessee Senate

A new bill in Tennessee seeks to reduce the frequency and severity of car accidents with the expansion of smart car technology.Nashville, TN – April 22, 2016—This month, Tennessee became the first state in the nation to...more

Most Frequently Hacked Industries Now Includes Manufacturing

Second only to health care, the manufacturing industry is now one of the most frequently hacked industries (according to IBM’s 2016 Cyber Security Intelligence Index). And more importantly, automotive manufacturing was the...more

Presentation Recap: Car Wars

“A [not so] long time ago in an automotive industry [not] far, far away,” John Murphy, Research Analyst for Merrill Lynch delivered his popular annual “Car Wars” presentation in Detroit on May 10th. This was the 26th year of...more

The CFPB’s auto title loan report: last step to a payday/title loan proposal?

The CFPB has issued a new report entitled “Single-Payment Vehicle Title Lending,” summarizing data on single-payment auto title loans. The latest report is the fourth report issued by the CFPB in connection with its...more

CFPB schedules June 2 field hearing on small dollar lending

The CFPB has announced that it will hold a field hearing on small dollar lending in Kansas City, Missouri on June 2, 2016. We anticipate the field hearing to coincide with the CFPB’s release of its proposed rule which is...more

The Auto Industry Has a New Weapon To Protect Its Secrets

President Obama signed the Defend Trade Secrets Act (“DTSA”) into law on Wednesday, May 11, 2016. Members of the auto industry spend significant time and money developing trade secrets that give them a competitive advantage....more

Auto parts manufacturing company joins auto industry cybersecurity sharing group

We have previously reported on the efforts of the auto industry to become more aware of and address data security issues with smart cars. Delphi Automotive PLC has announced that it will join the Automotive Information...more

House Caucus Formed To Protect The Security Of Cars

On April 28, 2016, four members of the U.S. House of Representatives launched a bipartisan caucus dedicated to addressing security and safety concerns raised by new innovation in connected and autonomous vehicles (or...more

A New Coalition Seeks to Pave the Way for Fully Autonomous Vehicles

Last week the National Highway Transportation Safety Administration (NHTSA) held the second of two meetings at Stanford University to solicit input from the public regarding the safety guidelines it is developing for the...more

Industry Trends for 2016 and Beyond: A Recap of the Women in Automotive Conference

Women in Manufacturing (WiM) hosted its fifth annual Women in Automotive Conference on April 26-27, 2016. The Conference was co-supported by the Automotive Women’s Alliance Foundation (AWAF) and Inforum AutomotiveNEXT. It was...more

CFPB and DOJ Continue Enforcement Orders Against Indirect Auto Lenders Based on Discriminatory Loan Pricing Policies

In February the Consumer Financial Protection Bureau and Department of Justice announced entry of a consent order with Toyota Motor Credit, the U.S. financing arm of Toyota Motors’ subsidiary Toyota Financial Services. The...more

As Analysts Predict Slowdown In Sales Growth, Auto China 2016 Showcases Rise of SUVs in China

Many of the stories coming out of Auto China 2016 are showcasing the SUVs and luxury SUVs at the show. Highlights include SUVs and crossover SUVs concepts from VW (VW T-Prime Concept GTW), Infiniti (QX Sport Inspiration),...more

The NLRB's Attack On Dealership Arbitration Agreements

Many of our dealership clients utilize binding arbitration agreements to resolve employee disputes. Arbitration agreements provide a number of unique benefits to those dealerships that wish to avoid the costs and negative...more

Privacy Shield Rejected, GDPR Approved - What This Means to Automotive Organizations

The European Union Article 29 Working Party (Article 29) issued an opinion on the proposed EU-U.S. Privacy Shield framework agreement (Privacy Shield) last month, stating that although the Privacy Shield was a “great step...more

Michigan Law’s Autonomous Vehicles Conference: Legal and Regulatory Hurdles to Deployment

Earlier this month, I attended a conference at the University of Michigan Law School: Autonomous Vehicles: Legal and Regulatory Hurdles to Deployment. It was a good excuse to go embrace all of the nostalgia that comes from...more

Iowa Governor Signs Bill to Amend Motor Vehicle Purchase Agreement Requirements

On April 13, Governor Terry Branstad signed into law SF 2228, the Motor Vehicle Records and Dealer Licensing Act. The act amends Chapter 321 of Iowa Code 2016 to, among other things, require that the full price of the...more

Drive to Regulate Auto Lenders Continues With $7.4M Deal

The latest regulator to take on an auto lender: Massachusetts Attorney General Maura Healey reached a $7.4 million deal with American Credit Acceptance LLC (ACA) and Westlake Services LLC over allegations of excessive...more

The Auto Industry’s Safety Whistleblower Program: What You Need To Know

The Motor Vehicle Safety Whistleblower Program that originally passed through the U.S. Senate last summer but stalled in the House of Representatives has finally been signed into law by President Obama as part of the Fixing...more

The Race to Regulate Autonomous Vehicles is On

While the potential benefits of automated vehicles are receiving well-deserved attention, there is significant uncertainty as to what the regulatory framework will look like for this exciting technology — particularly from an...more

Alabama Bill Expands Definition of Vehicle Service Contract

On April 4, Alabama Governor Robert Bentley signed into law HB 7, which amends Section 8-32-2 of the Code of Alabama. Specifically, the bill defines road hazard and expands the definition of a vehicle service contract to...more

The President Agrees: Cybersecurity Must Include Your Car

For those of us who watch the automotive industry, the most interesting name on the list of appointees to President Barack Obama’s Commission on Enhancing National Cybersecurity was Joe Sullivan. Why Mr. Sullivan? Because he...more

NHTSA’s Claimed Jurisdiction Over Software and Applications May Stifle Innovation

Motor vehicle technology is rapidly changing to enhance safety and provide navigation, mobility, and accessibility solutions for drivers. Manufacturer-installed automatic braking, adaptive cruise control, blind-spot...more

International Monetary Fund’s Forecast for Global Economy Cools

Even as experts are signaling caution in their outlook for the automotive sector, the International Monetary Fund (IMF) is lowering its forecast of economic growth for this year. In its April 2016 report, the IMF reduced...more

Chicago Auto Accident Lawyer Offers Praise for Emergency Braking Initiative

Following an announcement by twenty automakers, the auto accident lawyers at Katz, Friedman, Eagle, Eisenstein, Johnson & Bareck are hailing the initiative as one of the biggest breakthroughs in automotive safety in recent...more

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