Category Archives: Manufacturing

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Strategies for Protecting Against Vendor Payment Fraud

balance sheet
Cybercrime is an ever-increasing threat from which manufacturers are not immune. Although reliable statistics are not available, one particular type of scheme that seems to be on the rise is vendor payment fraud.  In cases of vendor payment fraud, the fraudster poses as an existing supplier and provides the manufacturer with seemingly legitimate instructions changing … Continue reading this entry

Recharging Electric Vehicle Incentive Limits

manufacturing
Recently, Representative Peter Welch of Vermont introduced legislation restructuring the planned phase out for the current electric vehicle $7500 federal tax credit.  As has been discussed in great detail in this blog, the current electric vehicle incentives begin to phase out individually for each manufacturer when that manufacturer delivers its 200,000th electric vehicle.  As a … Continue reading this entry

Michigan Doubles Down on Mobility and Announces a new Eight Million Dollar Grant Program

mobility
Michigan, the cradle of the American automotive industry, has made no secret of its desire to remain an industry leader in mobility as the industry continues to evolve.  On May 30, 2018, Michigan announced a new $8 Million Michigan Mobility Challenge grant that would be available to fund new mobility projects across the state.  The … Continue reading this entry

Fit for What Purpose? Understanding the Warranty of Fitness for Particular Purpose

contract
For manufacturing companies, some of the most important terms in any contract for the purchase or sale of goods are the warranties that apply to those goods.  This article will address one particular kind of warranty – the warranty of fitness for particular purpose.… Continue reading this entry

Driverless Cars Should Be New Legislative Priority for Congress

tech startups
Last year ended with historic tax reform legislation being signed into law following weeks of legislative ups and downs. But as we witnessed thousands of people descend upon the Consumer Electronics Show in Las Vegas and the North American International Auto Show in Detroit during January, we are reminded of an entirely different legislative area … Continue reading this entry

Mapping the Route ... Current Trends Impacting Automotive Suppliers

tech startups
The automotive industry is undergoing a rapid evolution, not only in the way customers select and operate vehicles, but also operations, compliance, technology, and cyber preparedness of the entire industry – creating unique challenges and opportunities for global automotive suppliers.… Continue reading this entry

Tech Startups Play Critical Role in Development of Self-Driving Cars, According to Foley Survey

tech startups
Automakers and suppliers have been joined by a growing list of early-stage and established technology companies from outside the traditional automotive supply base in the race to build a truly connected car, and ultimately the first completely autonomous vehicle.… Continue reading this entry

Self-Driving Cars: Legal Issues Ahead

Companies including Apple, Google, Tesla, Toyota and Uber are all developing and testing self-driving car technology. Toyota announced in November that it would spend $1 billion over the next five years on research centers related to autonomous vehicles at both MIT and Stanford. Apple, Google, Tesla and Uber have also committed to substantial research initiatives … Continue reading this entry

IoT – It’s All About the Data, Right?

A few weeks ago, the FTC released a report on the Internet of Things (IoT). IoT refers to “things” such as devices or sensors – other than computers, smartphones, or tablets – that connect, communicate or transmit information with or between each other through the Internet. This year, there are estimated to be over 25 … Continue reading this entry

Where to Look: Governmental Sources of Funding for Emerging Companies

Young companies are always looking for sources of capital, but many are unaware of funding sources provided by governmental programs. These programs are typically targeted at specific sectors and are intended to create jobs in the particular state or locality offering the incentives.  Massachusetts offers several great examples.… Continue reading this entry

FOLEYTech Summit Recap: Welcoming the Next Generation of Manufacturing

On November 5, 2013, Foley & Lardner LLP hosted over 240 attendees in Boston at its 9th annual FOLEYTech Summit, titled Envision the Future: Today’s Approach to Tomorrow’s Solutions. The Summit focused on how entrepreneurs, investors, their legal counsel, and other advisors can successfully grow technology companies.  The conference was focused on specific industry tracks, … Continue reading this entry