Automotive Industry

News & Analysis as of

SEC Qualifies Largest Crowdfunding Offering Ever; Offered On StartEngine

The SEC has qualified the Regulation A+ offering of Elio Motors which plans to make small cars costing about $7,000. Elio plans a maximum offering size of $25 million. The offering is being made through the facilities of...more

GM Judge Nuances His Earlier Rulings and Sets Out Permissible Ignition Switch Lawsuits

At a hearing in late August, Judge Robert Gerber expressed his annoyance with both sides in the ongoing battle to determine whether General Motors LLC (“New GM”), the entity formed in 2009 to acquire the assets of General...more

How Does an Antitrust Compliance Program Meet DOJ Standards? For the First Time, the DOJ Explains

For the first time, the Department of Justice has described what makes a company-imposed antitrust compliance pro­gram effective enough to earn a recommended lowering of the antitrust fine under the Unit­ed States Sentencing...more

Who Owns the Patent?: The Validity of Automatic Assignment Provisions

The U.S. Court of Appeals for the Federal Circuit is currently considering a petition for en banc rehearing of the “automatic patent assignment” rule announced in the Court’s 1991 decision in FilmTec Corp. v. Allied-Signal,...more

Massachusetts AG Settles with Auto Lender Over Alleged “Excessive” Interest Rate Charges

On November 5, Massachusetts AG Maura Healey announced a settlement with a national auto lender to resolve allegations that the lender charged excessive interest rates on subprime auto loans. The company agreed to provide...more

The Trans Pacific Partnership and the Auto Industry: Will Six Thousand Pages Pave the Way for Increased Exports?

The Open Road: Approaching the TPPan - Summarizing the behemoth 12-nation TPP agreement in a few-hundred word blog is a task beyond the reach of a practicing attorney . . . assuming he wants to continue practicing. In...more

Ford UAW Workers Defy Logic Of Ricky Bobby With New Tentative Agreement

If you ain’t first, you’re last. Not so say the Ford UAW workers whose bargaining committee recently reached a new tentative agreement with Ford. While Ford was the last to reach a tentative agreement with the UAW, if the...more

Rating Agency Developments

On October 28, Moody’s updated its rating methodology for insurance premium finance-backed securities. On October 27, Moody’s updated its rating methodology for floorplan asset-backed securities....more

Skynet Is Coming to Your Car

Toyota Motor Corporation announced that it has started a new company, Toyota Research Institute, Inc. (TRI), for the purpose of researching and developing artificial intelligence. Headquartered in Silicon Valley with another...more

Using Technology to Prevent Collisions

Technology is evolving at a rapid pace. Some of the technology that is being rolled out is making driving safer for motorists around the world. Among the most notable features that are being installed on automobiles are...more

North Carolina Passes Legislation to Clarify Applicability of Motor Vehicle Service Agreement Protections

On October 22, North Carolina Governor Pat McCrory signed into law North Carolina SB 195 to clarify the types of service agreements that come under the existing framework governing how motor vehicle service agreements are...more

U.S. Auto Companies Report Best October in 10+ Years, Head Toward Record Year

The auto industry posted the strongest October sales in ten years—and even longer for some U.S. companies. The industry is capitalizing on low interest rates and low fuel prices across the U.S. to drive record sales....more

Suppliers of Inherently Dangerous Raw Materials Remain Excluded from the Protections of the Component Parts Doctrine

In Brady v. Calsol, Inc. 2015 No. B262028, the California Court of Appeal, Second District, reversed summary judgment for a raw materials supplier where there was a triable issue of fact as to whether the benzene levels...more

Proposed Overtime Regulations Will Likely Affect Your Dealership

The United States Department of Labor (USDOL) recently announced proposed revisions to some of the most commonly used exemptions to minimum wage and overtime, saying it will “extend overtime protections to roughly five...more

Takata Recall expands to include 2016 Honda CR-V

The sweeping Takata airbag recall, the largest in automotive history, has involved over 19 million cars manufactured by twelve automakers. The recall has surrounded faulty airbags that, sometimes, have resulted in serious...more

Dodd-Frank News: November 2015: Dodd-Frank Wall Street Reform and Consumer Protection Act Update

The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted as a measure to promote financial stability and protection for consumers through increased regulation of nearly every aspect of the consumer finance...more

Road Work Ahead: Automobiles and Augmented Reality

With still about a week left to go, Hudway’s Kickstarter campaign, which began last Wednesday for its augmented reality vehicle accessory, already has over 6,500 backers pledging more than $450,000—several times its initial...more

The Supreme Court Preview, Part III: A Couple Spare Parts

While the Court’s review of bedrock principles of class action litigation and the continuing struggle to enforce arbitration clauses in the face of hostile state law are two important topics to watch, they are not the only...more

CFPB Orders Auto Finance Company to Pay Over Three Million for Alleged Unfair Debt Collection Practices

On October 28, the CFPB filed an administrative order against an Ohio-based auto lender specializing in extending credit to servicemembers. The CFPB alleged that the company violated the CFPA by engaging in unfair, abusive,...more

CFPB Continues to Take Action Against Offenders in Debt Collection Services

CFPB Takes Action Against Servicemember Auto Lender Security National Automotive Acceptance Company - On October 28, 2015, the Consumer Financial Protection Bureau (CFPB) filed an administrative order against Security...more

FTC Announces Final Consent Orders Against Auto Dealers for Alleged Deceptive Advertising

On October 20, the FTC announced that, following a public comment period, it approved final consent orders against two Las Vegas auto dealers for allegedly engaging in deceptive advertising practices. In June, the FTC filed...more

Rating Agency Developments

On October 15, 2015, DBRS released a report entitled Operational Risk Assessment for European Structured Finance Originators. On October 15, 2015, Fitch published its updated U.S. Auto Loan ABS Rating Criteria. On October 16,...more

Whom Should You Suspend During an Internal Investigation?

Whom to suspend during any Foreign Corrupt Practices Act (FCPA) investigation is always a delicate question to answer. Unfortunately there is never an easy answer. As the Volkswagen (VW) emission-testing scandal continues to...more

Trans-Pacific Partnership Has Challenges, Opportunities for U.S. Companies

The U.S. and its 11 negotiating partners – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – reached preliminary agreement on October 5, 2015, on the Trans-Pacific...more

[Event] OSHA Forum & Webinar - Nov. 5th, Houston, TX

BakerHostetler’s inaugural OSHA Forum is designed to keep the regulated community abreast of key OSHA-related issues across the country and inform their members of emerging trends. The Forum also tracks important enforcement...more

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