Reinventing the wheel: what’s driving change
How can the mobility sector respond to evolving consumer expectations to influence and lead a transformation towards cleaner, more connected and collaborative systems?
Automotive
Helping the automotive industry navigate a changing landscape
At a global level, the automotive industry is experiencing a period of profound transformation. The drive for more efficient vehicles and new sources of energy are changing the industry landscape while digital technologies, shifting consumer behaviours and newfound supply chain vulnerability are disrupting traditional business models. We support automotive OEMs, equipment suppliers and dealers with tailor-made solutions to help them reinvent themselves and grow in this new world of mobility.
Our approach
The automotive industry is in a constant state of evolution. Regulatory change, technological innovation and economic upheaval continually shape and transform the sector. Mobility service providers and emerging start-ups are disrupting the sector. As the industry reinvents itself in response to demands for cleaner and more efficient vehicles, operators must find ways to become more efficient, resilient and robust in the face of competitive forces.
Our automotive specialists work with manufacturers, suppliers and distributors to improve performance, fuel growth and implement practical solutions for the challenges they face. Our capabilities combined with our deep knowledge of the automotive industry make us an ideal partner as you seek to secure your future and drive sustainable growth.
As an operator in this industry, you are likely concerned about:
Seizing market opportunities and enhancing your market presence
We can help you establish new businesses or move into emerging and growth markets, identify new product range, and ensure the success of your acquisitions and partnership projects.
Securing and optimising your operations
It is vital that your business is robust. We can work with you to digitalise your operations and harness data to improve productivity. We can also review your investment projects, put in place internal controls and risk management procedures, conduct reviews to improve decision-making and fraud prevention and implement a green strategy.
Financing and securing your supply chain
Our experts work with you to secure programme and infrastructure financing, optimise and secure your global supply chain, and deploy new financing solutions such as reverse factoring.
When you partner with us, you benefit from a team with multidisciplinary expertise in audit, advisory and tax that has been mobilised specifically to support your needs and overcome these challenges.
At all times, our commitment is to bring you the best of what Forvis Mazars has to offer so that you can secure your future and create value for stakeholders.
28 October 2024
The cyber security transition in automotive
The automotive industry has experienced less activity when it comes to cyber security attacks; unlike in other sectors, there has yet to be a high-profile cyber incident to shake consumer confidence in manufacturers. But as digital integration persists, regulations abound, and consumer appetites and requirements change, the industry will have to evolve.
Green Taxonomy regulation for automotive sector
For the automotive industry, 2023 marks the second year of publishing their European green taxonomy eligibility ratio. As a reminder, the European Union's 'Taxonomy' regulation came into effect on 1st January 2022, concerning the two climate objectives (the Climate Delegated Act).
The global race for Electric Vehicles
27/07/2023 As climate change worries accentuate, policymakers are weighing their options. The cost of climate inaction for the global economy is immeasurable. A 2.2 degree Celsius increase in temperature could reduce global GDP levels by up to 20% until 2050 [1]. Warming of up to 5 degree Celsius could lead to full economic annihilation and mass extinction. Conversely, policymakers can choose to add...
Automotive suppliers face Green Taxonomy choices
02/11/2022 With the first reports on the EU’s Green Taxonomy eligibility ratios now published, what has been the impact on automotive suppliers? The Green Taxonomy entered into force in the EU on 1 January 2022 as a first step towards directing capital investments towards more sustainable activities.
Compliance is key for OEM sustainability aims
02/11/2022 Despite the additional information supplied by the EU concerning the Green Taxonomy that came into force on 1 January 2022, certain interpretations persist in the automotive sector.
Digital audit
Using data analysis and machine learning techniques, we offer digital audit services that bring greater efficiencies and reduce costs. This solution results in a ‘zero paper’ audit that is automated and highly secure. It ensures compliance with legal and regulatory obligations while optimising your commercial means and identifying risks, bringing better competitiveness and value to your company.
Business transformation
Increasingly complex markets, disruptive megatrends and competitive conditions are making holistic changes necessary. Our business transformation approach is consistently oriented towards your strategy, an efficient and effective target operating model, a finely tuned collaboration model. We also consider your corporate culture, as well as the relevant management and controlling mechanisms.
IT transformation
We support you in setting up your IT transformation agenda. We find the right, agile technologies for your company, and then lead them systematically and step-by-step into efficient processes so that you can generate added value for your company. We do all this without major disruption to your ongoing operations, so you can continue to focus on your core business.
Carve-out
From the development of the strategy and identification of the affected structures and processes to the transition and post-contractual negotiations, our business transformation team will actively support you as a competent consultant throughout the entire process. Consistent change management, which is also part of our services, also ensures the sustainable success of a carve-out program.
Value creation/ cost cutting
In times of economic downturn, companies need to act quickly to manage the associated challenges. It is crucial to reduce costs without compromising the growth of the company. To establish a cost-optimised structure in your company, consistent cost control measures are necessary. As soon as funds are freed up by the implemented cost reduction measures, your company should invest in its future.
TISAX audit
We get you ready for your TISAX certification. Forvis Mazars has developed a procedure whereby the client seeking TISAX certification receives organisational, administrative and technical support throughout the entire audit process. You will be able to ‘refresh’ your Information Security Management System (ISMS), Data Protection Management System (DSMS) and physical site security.
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