Automotive players need to be nimble to keep up with the astounding pace of change in the industry.
Demographic changes (such as increased urbanisation), economic and technological power shifts and climate change are having a significant impact on the automotive industry globally. In order to remain competitive, industry players need to embrace these changes as opportunities and develop their business models accordingly.
Through our experience of working with clients in the industry, we understand the specific issues faced by automotive players today which include:
- economic uncertainty
- continued drive for efficiency
- industry consolidation
- growing demand in emerging markets
- development of new technologies
- supply chain management
- access to raw materials
These issues suggest that automotive companies will need to focus on technological innovation, while also maximising their strategic alliances and cooperations with key market players, requiring knowledge of the relevant legal issues and cross-cultural considerations.
How we can help
M&A, financing, corporate governance, tax considerations, litigation, intellectual property rights, employment, antitrust and foreign investment regulations are all areas in which our lawyers have gained expertise through deals completed, client secondments and direct experience from previous automotive industry roles.
Deep industry knowledge and our experience of advising the world’s leading automotive companies, means that we are well placed to help clients navigate the legal challenges involved in meeting their strategic objectives.
To discuss legal issues with Linklaters’ global automotive team, please contact sector leaders Bernd Meyring or Simon Poh.
You can find out more about Linklaters’ Automotive sector capabilities from sector manager Andrew Dilworth.
Recent automotive transactions include advising:
Audi on its acquisition of Italian sports motorcycle manufacturer, Ducati
PSA Peugeot Citroen on the competition aspects of its global JV with General Motors
Pang Da on its investment in and JV with Spyker to distribute of Saab cars in China
Chery Automobile on its JV with General Motors in India
Tata Motors on its acquisition of 79% of Spanish coach-builder, Hispano Carrocera
the lenders in a comprehensive de-leveraging and debt restructuring transaction for the Schaeffler Group
the lenders on the restructuring of €600m financial indebtedness of Pininfarina, the Italian car manufacturer
Schwäbische Hüttenwerke Automotive (SHW) on its €150 IPO
Michelin on its €1.2bn rights issue
Autometal on its R$454m IPO
- ZF Friedrichshafen AG and ZF International B.V. on the SEK 4.411bn competing takeover bid on Haldex Aktiebolag
- Panasonic corporation on its acquisition of 100% of the shares in OpenSynergy GmbH, a German company specialized in embedded automotive software for in-car cockpit solutions
- Delphi Automotive plc on the GBP 1.07bn offer for HellermannTyton Group plc
- Volkswagen AG on its US$19bn takeover of German truck and bus manufacturer, MAN