The automotive industry is a critical component of the U.S. economy connecting a wide range of industries, from part and raw material suppliers to providers needed for the day-to-day sale and operation of vehicles. In July 2020, Dykema, MICHauto and The Right Place canvassed automotive executives, professionals and service providers to gauge their perspectives on the U.S. economy and the automotive industry and, particularly, the effect of the COVID-19 pandemic.

Click on the links below for insights regarding how respondents feel COVID-19 affected the U.S. economy and the automotive industry.

Flash Survey Results and Summary

Flash Survey Infographic

Additionally, Dykema, MICHauto and The Right Place will host a joint webinar on August 13 reviewing the results and discussing how COVID-19 will shape the future of the automotive industry. Click here to register. Should you have any questions or if you would like more information, please contact your Dykema attorney or any member of Dykema’s Automotive Industry Group.

Print:
EmailTweetLikeLinkedIn
Photo of Laura C. Baucus Laura C. Baucus

Laura Baucus is a results-oriented litigator and business attorney with experience delivering consistent results to clients in the automotive, aerospace, manufacturing and financial services industries. Ms. Baucus has worked both as outside counsel and as seconded in-house counsel. She is the Director of…

Laura Baucus is a results-oriented litigator and business attorney with experience delivering consistent results to clients in the automotive, aerospace, manufacturing and financial services industries. Ms. Baucus has worked both as outside counsel and as seconded in-house counsel. She is the Director of Dykema’s 140+ attorney Automotive Industry Group, the immediate past Leader of the firm’s Financial Services Litigation Practice, a Leader in Dykema’s COVID-19 Task-Force, the originator of the firm’s Supply Chain Group, the Manager of a firm OEM client-service team, and the immediate past Manager of the firm’s largest Michigan office.

Ms. Baucus regularly counsels clients on force majeure and related contract performance options. Her litigation practice focuses on procurement and supply chain, recalls, warranty and cost recovery, contract termination, tooling recovery, Uniform Commercial Code issues, and financial services.  Her contract practice includes negotiating and drafting supply contracts and other commercial agreements for automotive and other manufacturing companies, including terms and conditions. Ms. Baucus also manages national portfolios of lawsuits for some of the nation’s largest residential mortgage servicers.

Photo of Thomas S. Vaughn Thomas S. Vaughn

Thomas S. Vaughn’s practice focuses primarily on mergers and acquisitions, public securities offerings, public company securities compliance and private placements of securities involving institutional, venture capital and private investors.

Mr. Vaughn serves as United States general corporate counsel for a number of international…

Thomas S. Vaughn’s practice focuses primarily on mergers and acquisitions, public securities offerings, public company securities compliance and private placements of securities involving institutional, venture capital and private investors.

Mr. Vaughn serves as United States general corporate counsel for a number of international companies, with a focus on companies involved in the automotive industry. He has assisted these clients in establishing and growing their United States operations through both acquisitions and internal growth.

He counsels public and non-public companies on issues surrounding mergers; stock purchases and asset acquisitions; commercial loan financings; board of director meetings and general board relations; stock-based employee benefits plans; anti-takeover defense mechanisms; partnership syndications and joint ventures; product distribution relationships; and the drafting and negotiation of a broad array of business agreements. He assists clients with organizational issues; negotiation of initial rounds of financing; preparation of private placement memoranda; negotiation of venture capital financing and bank financing; and initial public offering representation. Mr. Vaughn serves as corporate secretary or assistant secretary for a number of companies.