Automotive
Everything is upside down at the moment in the automotive sector: manufacturers, suppliers and dealers are holding their own in a balancing act between the slump in sales and the scrappage bonus - these are indeed turbulent times!
As experts in the fields of Audit, Tax and Advisory our commitment is to be a competent and reliable partner for our clients - above all in times of crisis. To be able to keep that promise, we do have specific knowledge of:
- Management of Research and Development
- Legal Entity Management
- Currency risks
- Location strategies
At first glance, it appears that the advancing consolidation of mature industries is an irreversible process, or in a sense even one governed by certain recognised principles. From a global perspective, it's rather consolidation phases being follwoed by de-consolidation phases. So far the past - but what will the future for the automotive industry look like?
It was not only Bentley and Rolls Royce - the pearls of British automotive engineering - that had become a mere shadow of their former selves, and on their own, they simply could not survive.
When compared to Europe's rather cloudy automotive sky, the growth forecasts coming from China seem like a silver lining.
Contact
Roger Neininger
Partner, Executive Board Member, Head of Audit, Sector Head Automotive, Switzerland
KPMG AG
Badenerstrasse 172
P.O. Box
8026 Zurich
+41 44 249 21 25 | rneininger@kpmg.com
We fund the "Hybrid Pneumatic Engine" project. Scientists at the ETH Zurich have developed a hybrid engine using gas and compressed air that cuts fuel consumption by 30 percent compared to conventional drives and does so at only 20 percent higher costs.
