News & Analysis as of

Chapter 11 Automotive Industry

Seward & Kissel LLP

Always Sunny, No Silver Lining, and Err Supply

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Sunnova files for bankruptcy on residential solar woes | Reuters - On Sunday, June 12, the residential solar panel installer announced that it had filed for Chapter 11 bankruptcy, making it the second company of its kind...more

Warner Norcross + Judd

EV Manufacturer Lordstown Motors Files for Chapter 11 Bankruptcy

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Lordstown Motors, an Ohio-based electric vehicle manufacturer, filed for chapter 11 bankruptcy in Delaware federal court on June 27, 2023. This filing is unsurprising, as the automotive company has been struggling financially...more

Foley & Lardner LLP

Near-Term Disruptions and Opportunities in the Automotive Supply Industry

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Disruption in the automotive industry seems a near-constant force these days. The automotive supply chain continues to suffer hangover challenges from the pandemic (including raw materials shortages and increased labor...more

Clark Hill PLC

Clark Hill 2023 Automotive & Manufacturing Industry Outlook: Restructuring and Bankruptcy

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Tip of the Iceberg or Puddle of Nothing - As the world unexpectedly shut down in March 2020, financial and restructuring professionals across the country expected the global economy to dive into another great recession or...more

Shumaker, Loop & Kendrick, LLP

Client Alert: Chapter 11 Filings Surge: Winning Solutions for Suppliers in a Zero-Sum Game

According to the American Bankruptcy Institute, 3,600 companies filed Chapter 11 in the first half of 2020. Chapter 11 filings for 2020 are on pace to eclipse any year since 2012. During the same period, businesses worldwide...more

Foley & Lardner LLP

Top Legal Issues Facing the Automotive Industry in 2020

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...The Impact of Emerging Technologies on Global Automotive Supply Chains - The intense focus on autonomous vehicles and electrification we see today shows no signs of slowing down: in the new automotive industry, every...more

Foley & Lardner LLP

Automotive MarketTrends - June 2019, Issue 2

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Welcome to Foley’s Automotive MarketTrends newsletter. In each edition, we will focus on a different aspect of the automotive sector and highlight key trends in the industry. In this issue, we focus on collaboration and the...more

Robins Kaplan LLP

Your Daily Dose Of Financial News

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The downfall of Nissan’s Carlos Ghosn continues today with news that Ghosn has been arrested by Japanese prosecutors over the recently revealed whistle-blower complaint alleging that he had “been misrepresenting his salary as...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Amazon announced yesterday that it will immediately raise the minimum wage it pays to all 250,000 of its employees (and the 100k it plans to hire for the holiday season) to at least $15/hour, more than double the current...more

Hogan Lovells

The Importance of Signatures: General Motors’ Unsigned But Fully Negotiated Deal Not Enforceable

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U.S. Bankruptcy Judge Martin Glenn recently decided that a fully-negotiated agreement would not be enforced in the absence of required signatures. The agreement contemplated a settlement between the General Motors bankruptcy...more

Foley & Lardner LLP

Takata Declares Bankruptcy: What are the Key Next Steps for Suppliers?

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On June 25, 2017, Takata’s US arm, TK Holdings Inc. and certain affiliates excluding certain foreign debtors such as Takata Corporation (Japan) (the “Takata US Debtors”), filed chapter 11 cases seeking bankruptcy protection...more

Shumaker, Loop & Kendrick, LLP

Bracing for Takata Bankruptcy

The Wall Street Journal, June 16, 2017 edition, reports that Takata Corporation is preparing a bankruptcy filing, as soon as next week, in both Japan and the United States. A key reason for the United States’ Chapter 11...more

Robins Kaplan LLP

Your daily dose of financial news The Brief – 4.22.16

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US financial regulators dropped some much-anticipated rules yesterday that aim to restrict how “big financial institutions can pay their top executives.” In particular, the rules would make banker wait “at least four years...more

Foley & Lardner LLP

Manufacturing Contracts in Distress

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The automotive industry has recently enjoyed a strong period of sales growth and productivity. But even during this period, some manufacturers and raw materials suppliers continue to face pressures presented by financially...more

K&L Gates LLP

Section 363 Sale Order Enjoining Successor Liability Claims Not Subject to Subsequent Attack by State Agencies

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A recent decision in the ongoing bankruptcy proceedings for Chrysler has reinforced the authority of a bankruptcy court to interpret its own sale orders, and where appropriate, to enforce such an order by preventing creditors...more

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