Automotive

The automotive industry is currently facing intense pressure to transform. This calls for far-reaching efforts, but also unlocks numerous opportunities. For the past few years, manufacturers, suppliers and dealers have been busy readying themselves for the emerging changes along the technology trends of e-mobility, autonomous driving and connectivity.

Factors accelerating these processes include evolving environmental awareness, changing customer needs and new competitors from the tech sector. Additional challenges have been added to this in recent months, such as supply bottlenecks, high energy prices and rising interest rates.

If the automotive industry is to be made fit for the future, it must anticipate such trends early on and use innovative product and service solutions to respond to them. The key to enabling sustainable mobility is to pioneer new powertrains and electrification of the fleet, Mobility as a Service (MaaS), and eco-friendly processes and production methods.

We are familiar with the challenges facing the automotive industry and provide you with comprehensive support based on our expertise and practical experience in implementing optimized processes, more efficient supply chains, new technologies, regulatory requirements and sustainability reports.

Our clients benefit from our multidisciplinary approach, which blends the expertise of our auditing, tax and management consulting departments with the know-how of our sector specialists. In collaboration with our global automotive sector team with over 4,000 experts, we offer our clients solutions for every stage of the value chain.

Roman Wenk

Partner, Head Regional Market Zurich, Sector Head Automotive, Audit

KPMG Switzerland

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Find out how we can support you with the following solutions

Corporate transactions (purchase and sale)
Issues related to accounting, financing, investments and taxes in the national and international environment
Tax services (e.g. VAT, customs law, transfer pricing documentation, benchmarking analyses)
Financial audits, treasury and accounting advisory services
Restructuring and cost control
Introduction of efficient processes / process optimization
Development of security models for the entire IT lifecycle and support in setting up IT security
Support of data & analytics, intelligent automation, artificial intelligence and other data-driven technologies
Review of sustainability information and reports in the automotive industry
Global Mobility Services (e.g., international employee deployment)

Learn more about KPMG's Advanced Analytics Offering for the Automotive Sector

KPMG Global Automotive Executive Survey 2023 (24th edition)

The automotive industry is undergoing a profound transformation, driven by new powertrain technologies, innovative business models and changing customer expectations. This shift requires manufacturers to invest heavily in research and development in areas such as electric mobility, hybrid technologies, and alternative drivetrains.

In addition, the automotive and technology sectors are converging, requiring rapid innovation and strategic adaptation. These changes create opportunities for new market entrants and force established companies to rethink their strategies to remain competitive.

Key findings from the latest automotive study:

Few car manufacturers in Europe expect profitable growth.
Enthusiasm for electric vehicles is waning, with projections showing that by 2030, only one in three new car purchases will be an all-electric vehicle, down from one as expected in our previous surveys.
Investment in hybrid technology is increasing.
Major shifts are expected among leading OEMs.
Digital consumers are moving away from traditional dealerships.

KPMG Global Automotive Executive Survey 2024

Getting real about the EV transition

24th Annual Global Automotive Executive Survey

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Interview with Roman Wenk in the SonntagsBlick newspaper

CEOs of automakers are more optimistic than they were last year: Some 83 percent of respondents expect the auto industry to return to profitable growth in the next five years.

This optimism also applies to Switzerland. In an interview with SonntagsBlick, Roman Wenk comments on important insights offered by KPMG’s auto industry study entitled "Global Automotive Executive Survey".

In an interview with SonntagsBlick, Roman Wenk describes which area of the automotive sector is expected to experience the greatest upheaval.