Recently, Thomson Reuters Legal Executive Institute, along with co-sponsors Foley & Lardner LLP and Ballard Spahr LLP, hosted the “Concordant Crossroads” summit in New York City. The esteemed keynote speaker, panelists and moderators provided deep insights into the unique and wide-ranging disruptive forces shaping the modern mobility industry.
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P.S. Look for our next post on January 3, 2019.
The Chinese automotive industry is suffering its first sustained downturn in at least two decades. As previewed in our July update, sales in China started to turn over the summer. After a 4.8% increase in June, sales fell by 4% in July and 3.8% in August. In September, vehicle sales fell by 11.6%, with SUVs, the strongest performer, suffering a 10.1% drop that month. In October, Chinese officials said lower auto sales were the “new normal.” October sales declined by 13%, and November saw the decline steepen further to 19%. Sales of SUVs were down 16% in November compared to 2017.
As part of Foley & Lardner LLP’s ongoing mission to ensure that clients are prepared for dynamic changes in the current legal landscape, the firm recently presented the Association of Corporate Counsel – Michigan and Foley & Lardner LLP 2018 Legal Trends for In-House Counsel Program.
The business community, lawmakers and even workers across North America breathed a collective sigh of relief on October 1, 2018, after the renegotiated NAFTA agreement was unveiled. Following negotiations that had become acrimonious, and fears that Canada might be left out, the newly dubbed United States-Mexico-Canada Agreement (USMCA) yielded significant but workable changes to cross-border trade on the continent.