Automotive
Helping the automotive industry navigate a changing landscape
We support automotive OEMs, equipment suppliers, and dealerships with tailored solutions to help them reinvent themselves and grow in this new world of mobility.
Our approach
The automotive industry is in a constant state of evolution. Regulatory changes, technological innovations, and economic upheavals continuously shape and transform the sector. Mobility service providers and emerging startups are disrupting the market. As the industry reinvents itself in response to the demand for cleaner and more efficient vehicles, operators must find ways to become more efficient, resilient, and robust against competitive forces.
Our automotive teams work with manufacturers, suppliers, and distributors to improve performance, drive growth, and implement practical solutions for the challenges you face. Our capabilities, combined with our deep knowledge of the automotive industry, make us an ideal partner when you seek to secure your future and drive sustainable growth.
As an operator in this industry, your concerns are likely to include:
- Seizing market opportunities and increasing your market presence
We can help you establish new businesses or enter emerging and growing markets, identify new product lines, and ensure the success of your acquisitions and partnership projects. - Protecting and optimizing your operations
It is vital for your business to be robust. We can work with you to digitalize your operations and master data management to boost productivity. We can also review your investment projects, implement internal controls and risk management procedures, conduct reviews to improve decision-making and fraud prevention, and deploy an environmental strategy. - Financing and protecting your supply chain
Our teams work with you to secure program and infrastructure financing, optimize and protect your global supply chain, and implement new financing solutions such as receivables financing.
By partnering with us, you benefit from a multidisciplinary team in audit, consulting, and tax, specifically mobilized to support your needs and help you overcome these challenges.
At all times, our commitment is to bring you the very best of what Forvis Mazars has to offer, so that you can secure your future and create value for your stakeholders.
Capabilities
Business Transformation
Increasingly complex markets, disruptive megatrends, and ever more competitive conditions are making holistic change necessary.
Our business transformation approach is consistently targeted at the five elementary dimensions of change: the business model (strategic), an efficient and effective target operating model, and a finely tuned collaboration model. We also consider important intangible factors, such as corporate culture, as well as relevant strategy-driven management and control mechanisms.
IT Transformation
We support you in shaping your IT transformation agenda. We identify the right agile technologies for your business and then systematically and step by step transform them into efficient processes, so you can generate added value for your company. We do all this without major disruption to your ongoing operations, so you can stay focused on your core business.
Carve-Outs
From strategy development and identification of affected structures and processes to transition and post-contract negotiations, our business transformation team actively supports you as a competent advisor throughout the entire process. Consistent change management, which is also part of our services, ensures the sustainable success of a carve-out program.
Value Creation/Cost Cutting
In times of economic uncertainty, companies need to act quickly and intelligently to deal with the associated challenges. In this context, it is crucial to reduce costs in the short term without compromising company growth.
Cost reductions alone will only improve your bottom line to a certain extent. To establish a cost-optimized structure in your business, consistent cost control measures are necessary. Once funds have been freed up through implemented cost reduction measures, your company should invest in its flexibility and future growth in the medium and long term.
Audit for TISAX
We prepare you for TISAX certification. Forvis Mazars has developed a procedure in which clients seeking TISAX certification receive organizational, administrative, and technical support throughout the audit process, can 'upgrade' their Information Security Management System (ISMS), Data Protection Management System (DPMS), and physical site security as part of their audit preparations, and receive operational support during the audit to successfully obtain certification.