Scott A. Wolfson and Charles M. Moore, Managing Director with Alvarez & Marsal, have published an article titled, “Check Engine: Rules of the Road to Navigate Upcoming Auto Distress” in the January 2018 issue of the American Bankruptcy Institute Journal. The article describes how the automotive industry faces an overhaul like nothing it has ever experienced, based on the speed with which ride-sharing, electrification and autonomous vehicles are being adopted, which is expected to result in a number of suppliers having to be restructured. Wolfson and Moore provide an overview of the automotive supply chain, key legal and restructuring principles, and common agreements used to facilitate successful automotive workouts.
