Burr & Forman

11.1.2017   |   Articles / Publications

Burr Alert: State of the Automotive Industry in the U.S. Conference Followup

Automotive

Burr & Forman is honored to have been a part of this year’s Southern Automotive Conference and help bring together key players in the automotive industry.

Our firm has a long history of working with companies in the automotive sector, playing a critical role in attracting major economic development projects in the South, resulting in $16 billion in capital investment and the creation of more than 27,000 jobs.

Here are some conference key takeaways we wanted to share with you that we found interesting from the STATE OF THE AUTOMOTIVE INDUSTRY IN THE U.S. presentation.

  1. Global vehicle sales are expected to reach 101.6 million in three years, depending on China – the largest market.
  2. The U.S. Senate approved a bill earlier this month to encourage the use of self-driving cars, barring states from imposing regulatory road blocks.
  3. “Ride Sharing” revenue expected to reach 11.8 billion for 2017 with an annual growth rate of 19%. Despite the growth of ride sharing services, 59% of Americans still plan on buying a new car.

Download the full article, “Burr Alert: State of the Automotive Industry in the U.S. Conference Followup” to see all 11 takeaways.