Automotive survey shows push toward global markets

With the strong recovery in the automotive industry for the Detroit Three, the U.S. OEMs are growing their footprints in global markets such as Brazil, Russia and China. According to IHS Consulting, 80 million light vehicles were sold globally in 2012; by 2020, that number will grow to 108 million, with about two-thirds of those to be in emerging markets, reported Dykema Automotive Institute in its 2013 report: The Drive Toward Globalization.

Dykema, a national law firm serving business entities worldwide on a wide range of complex business issues, reported that as the automotive industry continues its globalization ramp-up, both the OEMs and the automotive suppliers face some headwinds. Complex legal challenges across the world may affect the productivity of these companies and their bottom line....

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