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Foley Weekly Automotive Report - May 2021 | Foley & Lardner LLP

Automotive Industry: Semiconductor Shortage & EV Tax Incentives & other news

Tuesday, May 4, 2021 This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.  Key Developments U.S. new light-vehicle sales in April predict a  In an earnings call last week,  Ford warned of a potential volume loss approaching  1.1 million vehicles for the full year’s planned production due to the ongoing global semiconductor shortage. Due to the semiconductor shortage,  GM announced additional downtime for  five North American plants; Volkswagen’s Mexico unit will stop production for certain vehicles in Puebla this month, and  Nissan announced several days of downtime in May for its North American plants.

The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing – TechCrunch

Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. We took a week off and now we’re back. Whoop. Let’s catch up on all things transportation. My email inbox is always open. Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter @kirstenkorosec. Micromobbin’ JOCO, a new docked e-bike service in New York City, has launched and is already facing some headwinds. The service started with 300 e-bikes at 300 stations in private parking garages and plans to expand to about 1,000 e-bikes at 100 stations by June. That is, unless the NYC Department of Transportation has anything to say about it.

The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing

The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
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