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      The automotive industry is diverse and includes manufacturers of passenger and commercial vehicles (known as original equipment manufacturers or OEMs), suppliers, dealers and mobility service providers.

      In Germany, the automotive sector is one of the key industries. For decades, numerous companies have shaped the success of the industry through technological and quality leadership and strong internationalisation. They are now facing new, complex challenges in addition to the ever-growing global competition for customers and market share.

      Anticipate changes in customer behaviour, regulatory requirements and technological developments at an early stage

      The automotive industry is under considerable pressure to transform, which requires significant effort but also opens up a wide range of opportunities. The main challenge is to anticipate changes in customer behaviour, regulatory requirements and technological developments at an early stage, translate them into innovative products and services, and build new, sustainable ecosystems.

      With the aim of enabling sustainable mobility, there is a need to promote new drive systems and the electrification of the fleet, integrate mobility-as-a-service and micromobility, and strengthen environmentally friendly processes and production methods. In addition, the mobility of tomorrow should be connected and autonomous – which is why the following will also apply in the automotive industry: Those who have control over the data will be among the winners.

      We will provide you with comprehensive support with our expertise and help you to be able to act rather than react in the future. To this end, we keep an eye on customer expectations, regulatory requirements and new technological innovations and accompany you in actively and proactively shaping the new normal.

      The automotive industry is undergoing a period of profound change. To be successful in this environment, companies need bold strategies, openness to new technologies and the ability to adapt quickly to changing market conditions. Flexible business models and strong, forward-looking partnerships will be crucial.

      Andreas Ries
      Dr. Andreas Ries

      Partner, Global and Germany Head of Automotive

      KPMG AG Wirtschaftsprüfungsgesellschaft

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      Automobile

      In recent years, manufacturers and automotive suppliers have been preparing for the emerging transformation driven by technological trends such as electrification, autonomous driving and connectivity. Factors such as growing environmental awareness and new, technology-driven competitors who are rethinking mobility are accelerating these processes of change.

      Our clients benefit from our interdisciplinary approach, which combines the expertise of our three business areas – Audit, Tax and Advisory – with the know-how of our industry specialists. This enables us to offer tailor-made consulting services that are precisely tailored to the respective business situation. With our automotive team of over 4,000 industry experts worldwide, including 800 in Germany alone, we deliver solutions for all stages of the value chain.

      We offer you support in the following areas:

      • International location selection due to expansion and relocation
      • Support for market entry in Germany and around the world
      • Corporate transactions (purchase and sale)
      • Questions on accounting, financing, investments and taxes in the national and international environment
      • Transfer pricing documentation, benchmarking analyses
      • Restructuring and cost control
      • Introduction of efficient processes or process optimisation
      • Management and controlling of research and development
      • Support in the design and implementation of efficient and effective value chains [VCT]
      • Development of security models for the complete IT life cycle and support in the development of IT security
      • Data-driven technologies
      • Review of sustainability information and reports
      • Climate reporting and CO2 balances
      • Audit of management systems for the environment, energy, occupational safety and quality
      • Global Mobility Services (e.g. international employee deployment)
      • Indirect Tax Services (e.g. value added tax, customs law)

      A global view of the automotive industry

      Podcast: Dr Andreas Ries, KPMG Global Automotive Sector Head on developments in the global automotive markets.

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      KPMG Insights on the automotive industry

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