The automotive industry is characterized by robust international collaboration throughout all tiers of its advanced supply chain, from small suppliers, subcontractors, and original tools producers (OEM) to automobile dealers and repair stations. Indeed, what is especially notable in regards to the current wave of innovation in automobiles just isn’t so much the pace with which it has emerged (although that’s outstanding) as the breadth of the innovation — how a lot it is altering the fundamental contours and features of the normal automobile and amplifying the issue and price of manufacturing vehicles. Ubiquitous electronics, quite a lot of digital services, and novel powertrains and connectivity techniques are hastening the need for costly new parts, components, and capabilities. For OEMs, the worth tag is excessive — as much as 20 percent larger than the cost of the previous era of cars.
The worldwide automotive market is diverse. It ranges from authentic tools manufacturers (OEMs) and part producers, to dealerships and industrial vehicle producers. There’s potential for progress throughout many areas, from the booming manufacturing and home markets in BRIC (Brazil, Russia, India and China) and different developing economies, to the analysis and development of ‘greener’ automobiles and fuels. KPMG’s international Automotive sector affords a professional-energetic, forward-thinking service to our firms’ clients to assist ensure that the potential for growth that the industry is currently witnessing is not missed, and that the problems and challenges faced by the industry will be overcome.
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