From identifying risks and opportunities to understanding the current investment trends, we invite you to select from the individual articles below to gain insights into the most top-of-mind issues shaping the automotive industry:Cost management in an uncertain automotive marketRemarkably, the industry’s supply base somehow managed its costs during last year’s global economic crisis. While many companies faltered, the disruptions were surprisingly mild compared to the doomsday scenarios envisioned. How can you implement best practices that protect your company’s ability to maintain industry-leading profit margins? Find out here.
Why the auto industry must rethink its futureThe past two years have been a major challenge to the very survival of many vehicle manufacturers and suppliers (pdf, 75.3kb). Companies must take a fresh look at their operations and strategically plan for the long-term. Learn how you can implement change now to avoid a crisis situation in the future.Europe’s automotive industry outlookLast year’s scrap page programs resulted in total new-car sales of 14.5 million, only 1.6% below 2008 despite the recession. But with fewer incentives likely to continue, sales may drop by at least 10%. How can VMs and automotive suppliers adjust their business models (pdf, 66.8kb) to prepare for future opportunities? We offer some insight.Use government incentives to grow your businessGovernment entities have become increasingly proactive about offering a broader range of incentives, in addition to the traditional tax breaks, to attract, grow and retain business. With so many programs available, how do you determine which one(s) best fit into your business plans? Find out what to consider and learn how to evaluate your options (pdf, 182.3kb).
Tactics for monitoring companies further down in the supply chainIn these trying times, monitoring companies further down in the supply chain is essential, particularly those not directed by the original equipment manufacturers (OEMs). Have you considered implementing some form of data collection procedures for mission-critical suppliers? If one of your suppliers is in crisis, will you be prepared? Learn which procedures we recommend to assess their financial health on a predictive and proactive basis (pdf, 107kb).
The Russian automotive market outlookDespite Russia’s new-car market growing at an average annual rate of 20% over the past five years, it still couldn’t escape the global economic downturn. Now analysts expect new-car sales to drop approximately 50% below year-ago volumes. When will its economy improve? Read our insights for a view on the future of this major market (pdf, 88.7kb) .
France’s support of the auto industry When car sales in Europe began to drop, vehicle manufacturers cut output by 40%. Consequently, vehicle production in France declined sharply. Since then production has returned to levels in line with car sales. But, in order to demonstrate its intent on maintaining employment in France and deal with the global slowdown, the government has established some long-term actions (pdf, 141kb). Learn more.
The auto industry undergoes spreadsheet risk Is your organization contending with spreadsheet risk? Out-of-period adjustments, accounting blunders and privacy leaks are just some of the dangers that result from inadequately controlled use of spreadsheets. How can companies proactively mitigate their risks? Dan Smith, Advisory Services Partner in Detroit, explains how to manage spreadsheet risk and outlines the most important risk factors that should help guide a company’s decisions and policies (pdf, 191kb).
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