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2009 
| France's Support of the Automotive Industry When car sales in Europe began to drop last autumn, Renault and PSA Peugeot Citroen responded by reducing output 40 percent. The cutback, which continued to February 2009, caused an especially sharp drop in vehicle production in France. Production has since returned to levels in line with actual car sales, but the earlier reductions had a profound impact on suppliers. The government has since implemented longer-range actions to deal with the global slowdown. Marc Stoessel, partner with Ernst & Young LLP in Paris, comments. |
| Mai 2009 
| Suppliers at risk The sharp slump in vehicle sales across Europe is having a double impact on auto industry suppliers, which can typically account for about half a vehicle’s value. Demand for new cars has been running about 20 percent below last year’s level. But because the downturn occurred so quickly, vehicle manufacturers have had to reduce production much more sharply, by as much as 40% in the short term, to help bring inventories back into balance. As a result, suppliers are struggling with conditions that are much more severe than those facing carmakers. Eric Wallbank, director for Ernst & Young’s European Automotive Team in London, comments on the situation. |
| März 2009 
| How car dealers can cope with Europe's sales slump The current economic downturn means that car dealers in Europe face many of the same issues confronting the region’s carmakers: the need to cut costs, consolidate and find new sources of revenue. It is a time for innovative thinking, because the old ways of doing business have become less effective. Fortunately, there are alternatives that can help dealers succeed in today’s challenging environment. Paolo Guidelli, an Automotive Practice Advisor with Ernst & Young, based in Milan, Italy, comments on the options. |
| März 2009 
| Managing the downturn Market challenges for European carmakers were mounting long before the current economic crisis began. Meeting proposed carbon dioxide emission standards will be expensive, and the deepening global car sales slump has magnified the economic hurdles ahead. Other factors complicate the future for both carmakers and their suppliers. Peter Fuss, European Automotive Industry Leader and Partner at Ernst & Young GmbH, Wirtschaftsprüfungsgesellschaft in Stuttgart, Germany, comments on challenges and potential solutions. | | | | | zurück zu Automotive Home | | | | | | |
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