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USA: "Practical Guidance for Federal Contractors on New Labor Rights Posting Regulations" Alert

USA: "Practical Guidance for Federal Contractors on New Labor Rights Posting Regulations" Alert by Baker & McKenzie.

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back to index backAMERItalk March,  2017


Real Estate Solutions Needed for Tech-Driven Auto Industry

On the verge of an automotive revolution, the CRE industry is working to meet the evolving needs of OEMs and parts suppliers in the middle of a short supply real estate market.

The automotive industry, familiar with disruption, has entered a new and exciting wave of transformation and growth. We are on the verge of an automotive revolution, sparked by technology-driven trends such as diverse mobility, autonomous driving, electrification, and connectivity. Real estate solutions to these changes require us to rethink how we meet the needs within an evolving marketplace.

We are witnessing an increased need for industry-centric manufacturing capacity globally and in the United States, in particular. In fact, despite major headlines focusing on manufacturing growth in Mexico, many of the world’s leading auto manufacturers (OEMs) — including Volvo, BMW, Mercedes, FCA, and others — are building or expanding their operations domestically. And as OEMs grow their footprints, their supplier bases continue to expand as well.

Additionally, the rush to produce electric vehicles has inspired several new entrants to plan and build new auto plants as they attempt to compete with the likes of Tesla. Among them are Faraday Future, which is constructing a $1 billion factory in Nevada, and Lucid Motors, which just recently announced plans to build a $700 million factory in Arizona.

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Source: Area Development - GAI





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