Ernst & Young Global Automotive Center - Ernst & Young - Global

The response by industry stakeholders to the threat of climate change is transforming the automotive business like never before. Besides reducing emissions and improving the energy efficiency of automotive facilities, how can you address the risks and maximize the opportunities the industry’s response to climate change will bring to your organization?

How can automotive executives manage their companies through the recession and position themselves for growth? After interviewing thousands of executives, we identified some overarching themes. From demonstrating operational flexibility to optimizing market reach, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.

With its proven competitive product development, manufacturing capabilities and strong engineering know-how, India is positioned to become an integral part of the global automotive value chain as demand shifts toward smaller, less expensive and environment-friendly vehicles. Will India emerge as the world's seventh-largest automobile market by 2016? Read our insights on the key trends and shifting dynamics taking place in this major market to make your determination (pdf, 6.3mb).

While the media attention continues to focus on dismal sales levels of new vehicles, the current situation paints a rather upbeat outlook for one segment of the automotive industry: the automotive aftermarket business. The Motor and Equipment Manufacturers Association (MEMA) estimates there will be an increase in the need for routine maintenance and vehicle customizations, thus potential revenue growth for aftermarket supplier executives (pdf, 231kb). Learn more.

Among the relatively buoyant economies of Southeast Asia, Thailand has established itself as a global automotive manufacturing hub (pdf, 2.1mb). Even with a questionable industry outlook, many global leaders, including (but not limited to) Ford, General Motors and Toyota, have begun implementing far-reaching production expansion strategies in this market. For companies considering entry or expanding business activity in Thailand, this overview will offer plenty of insights.

The growing complexity of compliance and the struggle to agree on  a single set of globally accepted accounting standards (pdf, 838kb) is increasingly relevant for multinational automotive companies. Learn about the requirements of IFRS and see our comparison charts on key issues including, revenue recognition, research and development costs, tooling, restructuring costs and onerous contracts for both vehicle manufacturers and suppliers in the automotive industry.

In our collection of Global Automotive Center Viewpoints, we offer practical guidance and up-to-date knowledge on pertinent issues affecting the automotive industry, such as mergers and acquisitions, risk management in emerging markets, financial performance management and technology risk. Discover which trends are affecting various automotive markets and see what our executives have to say about the industry’s challenges and opportunities.

As automotive consumption continues to grow and developing markets increase their pace of motorization, climate change and a wide array of other significant challenges have the potential to dramatically alter the automotive industry in coming years. Find out how climate change activities are impacting the global automotive industry (pdf, 2.4M) at every point along the industry value stream.