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Welcome to the 23rd edition of our newsletter on developments in the automotive industry published by Morgan Lewis’s automotive & mobility team with contributions from lawyers in our offices around the globe. We counsel our automotive clients on a broad range of industry-specific issues, including matters relating to mergers and acquisitions, antitrust, litigation, regulatory concerns intellectual property, and labor and employment.
This issue of Morgan Lewis AUTOMOTIVE & MOBILITY, which covers the first quarter of 2020, touches on significant acquisitions and investments, antitrust approvals, as well as other developments in the automotive markets including the regulatory and social impact of the coronavirus (COVID-19) pandemic.
IN THIS ISSUE
- Mergers & Acquisitions: Mercedes-Benz and Geely to Establish Joint Venture for smart Automobile Brand; Volkswagen to Acquire Remaining Shares in Diconium; Chinese Conglomerate Weichai Power to Acquire Aradex and VDS Holding; National Engineering Industries to Acquire Kinex Bearings; Meritor to Acquire Transportation Power; Danfoss to Acquire Hydraulics Business of Eaton; Tata and Prestolite Electric to Form Joint Venture; BorgWarner to Acquire Delphi Technologies; Knorr-Bremse Group to Acquire R.H. Sheppard; Triton to Acquire Renk from Volkswagen; Nordstjernan to Sell Rosti Automotive to Xandor Automotive;
Panasonic and Toyota Motor to Form Joint Venture; Fox Factory to Acquire SCA Performance from Kinderhook; Punch Group to Acquire General Motors Propulsion Engineering Center; Michelin to Acquire ConVeyBelts; Great Wall Motors to Acquire Manufacturing Facilities from General Motors; Hyundai Motors Obtained Full Ownership of Sichuan Hyundai Motor
- Antitrust: Asian OEM Fined $12.5 Million in China for Resale Price Maintenance; ZF’s Acquisition of WABCO Cleared by EU Commission and DOJ; Joint Venture Between PSA Group and Saft Cleared by SAMR and EU Commission; SAMR Approved US Joint Venture Between LG Chem and GM; SAMR Approved US Joint Venture Between Aptiv and Hyundai
- Regulatory: China to Relax Access Restrictions for NEV; EU Commission State Aid Measures To Address COVID-19
- Intellectual Property: 2019 Saw the Granting of the Most US Patents in a Single Year; Social Distancing Inspired Logos; USMCA Contains Stronger IP Provisions