Weil’s representation of major players in the automotive industry extends back several decades and continues into the present. The formation of our automotive practice reflects that long-standing experience, drawing together veteran lawyers from across the firm who have worked on the acquisitions, financings, litigations, and restructurings that have defined the industry. Our experience encompasses not only the automotive industry itself, but also the complex relationships the industry has with its suppliers, financing partners, and allied business units, such as rental car companies.
Our firm has handled several recent landmark transactions in the industry. In 2006, we represented the lead arrangers in Ford Motor Company’s $18.4 billion financing package, at the time the largest such debt package in U.S. business history. We also represented manufacturers involved in complex negotiations with their suppliers, many of which in recent years have filed for bankruptcy. Most recently, when the global automotive industry endured a severe slump in the aftermath of the financial crisis, Weil served as lead debtor counsel to General Motors, helping to effect the sale of substantially all of GM’s assets to NGMCO, Inc., a government-sponsored purchaser, in less than 40 days from the time of its bankruptcy filing and for a purchase price valued at approximately $100 billion.