Advances in technology are increasing the risk of disruption in the market and existing players, both upstream and downstream, are taking note. They’re innovating. They are making more use of lightweight materials and alternative fuels and taking the first steps towards intelligent and connected vehicles.
Consumer requirements are changing too, as society moves away from traditional vehicle use to more diverse mobility solutions, such as car sharing. It is a shift with major implications for an industry that is already one of the most complex and layered in the world.
With fast moving global economic change, flexibility and innovation are key. The most successful auto companies – whether an original equipment manufacturer (OEM), supplier or distributor – will be those that anticipate threats and opportunities, and respond accordingly. So while the future will bring many technical developments, new business models and strategies will be important too.
At Grant Thornton, we’ll work with you to identify the challenges affecting your business, optimise the solutions and maintain your market share.
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Why Grant Thornton?
The automotive industry is a global network of manufacturers, suppliers, dealers, financiers and other service providers. You can't look at one element in isolation. End-to-end knowledge is essential – and that’s what Grant Thornton can offer you.
Not only do we operate in over 130 countries around the world, but we have teams of industry experienced specialists dedicated to the auto industry.
We work with clients at every stage of the automotive value stream. We help suppliers meet the demands of their customers and assist distribution and retail channels in profitably managing vehicle volume and demand. We’re active throughout the whole manufacturing and ownership cycle and in the secondary and tertiary markets that have developed around it.
We are a global team with the ability to call on technical experts worldwide. Combining local knowledge with our international strength means that we can support you with operations anywhere in the world.
And we’re in it for the long term. We know that every business is unique and we work hard to understand yours: your needs, your challenges and your opportunities. It ensures that our advice is bespoke, appropriate and effective. So whether you’re raising finance, restructuring, or worried about compliance, we have the insight and experience to find the solution that is right for you.
- ensuring regulation compliance, resolving non-compliance and embedding into operations
- modelling risk and monitoring exposure
- operational and financial transformation to reduce cost, improve efficiencies and grow revenue
- data management and modelling
- meeting statutory, fiduciary and stakeholder audit requirements
- fraud identification, management and resolution
- implementing cost effective, efficient international tax structures.
- operational value chain optimisation
- leadership development and cultural change
- smart factory implementations
To learn more about our automotive services, contact Neil Barrell, our global leader.
As well as these global industries, many of our member firms also have in-depth knowledge of other specific industries. If you have any questions or would like to find out more about how we can help, check your local Grant Thornton member firm’s website.