In the UK and abroad, manufacturers and suppliers in the automotive industry are responding to many challenges, including the globalisation of supply chains, industrial digitisation, sustainable mobility and, in particular, the uncertainties of Brexit and COVID19.
As the automotive industry around the world comes to terms with the consequences of Covid-19 and begins to slowly return to work, we asked Mazars experts in seven countries about the impact of the virus, government measures where they are, and their views on what happens next.
China is the first country to restart its automotive production - following the outbreak of Covid-19, and while cultural, economic and social differences exist, the experience there could shed light on the road ahead for Europe and the US.
Our Automotive Specialists
Manufacturers are also facing a sustained rise in the cost of raw materials. Moreover, the environmental challenges faced by the industry is changing the entire industry. Cost optimisation and the ability to offer innovative products are now at the heart of the priorities of the automotive sector. With our experience with manufacturers and suppliers, we support clients in the UK and overseas to:
- Optimise production costs and financial performance
- Manage financing or working capital arrangements efficiently
- Integrate sustainable development into strategy
- Control financial, IT and operational risk
Our Experience
We rely on our experience to offer tailored solutions. We provide a full range of services to the automotive sector, mobilising the expertise of the whole Automotive team to support businesses of all sizes in the following areas:
- External Audit
- Risk Management and Internal Controls
- Transaction Services
- Management consulting
- Taxation
Get in touch
If you would like to speak with a member of our team, please click the link below:
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