By Mark Schaub and Atticus Zhao   King & Wood Mallesons’ Corporate group.

China is embarking on bold moves to re-shaping its auto industry policy. This follows recent announcements in relaxation of key restrictions on foreign investment in the auto sector.

The National Development and Reform Commission (NDRC) is the body tasked in China with laying the direction for industrial policy. On May 17, 2018 the NDRC circulated the draft Administrative Rules on Auto Industry Investment (“Draft Rules”) to local governments and industry stakeholders for comment. The Draft Rules when passed will replace the current car industry development policy that has been in place since 2004.
Continue Reading China is Re-shaping its Auto Industry

By Sandra Link King & Wood Mallesons’ Frankfurt group

1. German Automotive Industry

Germany is famous for its cars such as Mercedes (Daimler), BMW, Audi and Volkswagen. But not only the big names characterize the automotive industry in Germany. In the automotive supply sector, the German Mittelstand that is often characterized as the engine of the German economy, dominates the industry. The German Mittelstand is mainly composed of small and medium-sized family companies that have a special leadership style and a strong regional base (often outside the big cities) and are not seldom global hidden champion in their business field.
Continue Reading Autonomous Cars – Opportunities and Challenges in Germany