Although many professionals in Europe are approaching Summer vacation, the Automotive industry is continuing its development in an accelerated pace. MAJOR AUTOMOTIVE TRENDS CURRENTLY: 1 - Profitability struggle for automotive brands with weaker BRAND DISTINCTION. The most profitable (>10%) brands right now are Ferrari, Porsche, Toyota, Hyundai, Mercedes and BMW amongst others. 2 - The profitability struggle can also be explained by slower-than-expected payback for electrification investments. FLEXIBILITY in manufacturing and operations to manage both ICE and EV vehicles throughout the value chain are essential to manage the complex market situation. 3 - Stronger brand differentiation is needed due to fierce competition as hundreds of new models are put on the market. The winners are focusing on CUSTOMER CENTRIC SOLUTIONS, aiming to link the brand to excellent customer experience. 3 - Automotive companies are unfortunately not fast enough to capture new business opportunities through new technologies (AV, AI, avatars, etc), when comparing with other industries. The way forward is deeper TECHNOLOGY COLLABORATION ON EQUAL TERMS between OEMs, technology companies, TIER 1 suppliers. The buyer-supplier relationship needs to be upgraded when working within new technology solutions. 4 - the world is struggling with several unfortunate crises in parallel due to the unfavourable geopolitical situation. As a consequence, OEMs must RETHINK GLOBAL FOOTPRINT AND SUPPLY CHAIN SETUP as well as to engage in stronger CYBER SECURITY protection than previously planned. KPMG has aggressively expanded its Automotive business during the past years, strongly supported by our leadership and expertise within Corporate Strategy, Deal Advisory, Cyber security, innovation and regulatory business. Please read futher on: https://lnkd.in/dgWzynkm #Automotive #innovation #trends #geopolitics #growth #brand #customer #strategy #future #business #demand #cyber #deal
Daniel Szirányi’s Post
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#MercuriUrval #ExecutiveCocktail at the #Paris #GlobalMotorShow On Monday, October 14th, the Automotive MU practice, led by Klaus Steinmann, gathered Key players from the international automotive industry for an “Executive Cocktail” during the Paris Motor Show. This intimate meeting allowed for both formal and informal exchanges on crucial topics affecting the sector undergoing significant transformation. Alexander Lutz , Managing Director Europe at Lucid Motors, addressed the challenge of offering innovative and high-performing brands in a saturated automotive market, highlighting the current and future challenges the industry must face. Jean-Philippe Bahuaud, CEO of “Future is Neutral,” presented the concrete actions of the car manufacturer Renault and its partners, aimed at establishing a more responsible industry based on the circular economy, ensuring a more sustainable future for both humanity and the automotive sector. Finally, Clement des Robert , Vice President of Human Resources at VALEO, emphasized the importance of exemplary talent inclusion in this rapidly evolving technological landscape. He insisted on the need to quickly transform a traditional industry without losing the cultural strengths of a brand to meet future needs. In a warm atmosphere, all these captivating topics, proposed by our experts Klaus Steinmann and Chrystelle Cluzeau , were discussed as a tremendous opportunity for networking and exchanging ideas, potentially laying the groundwork for future collaborations and promising innovations in this conducive transformation context. This simple and convivial gathering generated a lot of enthusiasm and remains essential for all leaders in this VUCA world. We will repeat this format and keep you informed. Stay tuned to MU Executive Search & Leadership Advice #ExecutiveSearch #LeadershipAdvice #Automotive
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⏰ Time is running out to secure your spot for Automotive Logistics and Supply Chain Digital Strategies Europe 2024! Don't miss out: https://lnkd.in/eFZdHD7C 📅 3-4 December 📍 Holiday Inn, City Centre, Munich, Germany With only one week left until #ALSCDSEUROPE, now is the time to register and join 150+ automotive leaders from BMW Group, Toyota Motor Europe, AUDI AG, Catena-X, Daimler Truck AG, and more for one day and a half filled with: 🤝 Unmatched networking opportunities: From our welcome drinks reception and networking lunches, you'll have plenty of opportunities to connect with your peers and build valuable business relationships. 🔍 Cutting-edge sessions, in-depth discussions and knowledge-sharing via interactive workshops, insightful presentations and engaging panel discussions that cover the most important development in digitalising automotive logistics and supply chain management. 📈 Actionable insights into the latest industry advancements and how supply chain and technology leaders are reaching new levels of supply chain visibility, seeking enterprise collaboration, bringing innovations to life and preparing for a digital future. 🎫 Register now: https://lnkd.in/eFZdHD7C 🔗 View the agenda: https://lnkd.in/eGPXrn6y #AutomotiveLogistics #SupplyChainManagement #SupplyChain
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🚀 Elevate Your Strategic Vision: H&Z Management Consulting CTO Roundtable Invitation🚀 Dont’ miss this unique opportunity for CTOs, Innovation Leaders, and R&D Executives to gain high-level insights into leading-edge solutions and strategies from top industry experts and network with peers in the technology and automotive sectors. 📅 Mark Your Calendar: ️ Tuesday, 19 November 2024, at 6:00 p.m. in Munich 🔍 What to expect: - Explore digital business models and way to monetize on business innovations as well as solutions to deal with future challenges in (automotive) R&D organizations. - Gain actionable and best practices to enhance driver experience and revenue growth through digital connectivity in the automotive industry. - Learn how to reshape the automotive business model through vehicle complexity, workforce availability, and service infrastructure challenges. - Network with industry leaders while enjoying a flying buffet and drinks. 🎤 Meet our high-level speakers: Stefan Kampmann, physicist and engineer with 30 years of experience at Bosch, OSRAM, and Voith Group, currently on the Supervisory Board of ZEISS Group and a member of the German Federal Government's Science Council (Wissenschaftsrat). Fabian Beste, CEO and co-founder of 4screen, a platform connecting drivers with businesses, with partnerships across major OEMs like Mercedes-Benz AG, Volkswagen, and Toyota Motor Corporation. Our roundtable promises valuable takeaways that you can apply directly to your organization, making it an evening of learning, collaboration, and strategic networking. 🔒 Register now to secure your spot : [https://lnkd.in/dcv4qZPq] Christian Koehler Albert Neumann Stefan Kampmann Fabian Beste Carola Frerker #CircularValueChains #CTORoundtable #InnovationLeaders #AutomotiveIndustry #DigitalTransformation #FutureOfMobility #AutomotiveInnovation #headhearthand
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Together with my Alvarez & Marsal colleagues Qian Wang and Richard Hell we are discussing the urgent actions which should be taken by Germany industry players to address the looming electric vehicle market mainly driven by China to propel the nation to the forefront of the global electric vehicle market.
Unlocking insights: Germany's iconic auto industry has always embraced innovation. Now, the electric vehicle shift is a chance to redefine automotive excellence once again. But the competition is fierce, with China leading the charge. Our new report explores how Germany can leverage its strengths, address its weaknesses, and seize the EV opportunity. Download for strategic insights here: https://okt.to/RYXWFU #ElectricVehicles #AutomotiveIndustry #AMon
Takeaways from Chinese EV development
alvarezandmarsal.com
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📌 Germany: Picking a New Lane in the EV Race A recent report by Alvarez & Marsal throws down a challenging gauntlet for the German auto industry. China's dominance in the EV market isn't just a race for market share, it's a sprint towards a new future of mobility. The choice for German automakers is stark: adapt or get lapped. The report's accuracy in depicting the state of the industry, a credit to the hard work of my good friend Baris Göncü and his colleagues at Alvarez & Marsal, underscores the urgency for the German auto industry to adapt. Key Takeaways: 👉🏻 China's Booming Market: With EVs accounting for over 60% of passenger car revenue in 2023, China offers a massive opportunity, but German OEMs are losing ground. 👉🏻 The Rise of Chinese Titans: Homegrown players like BYD are vertically integrated, controlling battery production and staying ahead in R&D. Their agility stands in stark contrast to the traditional, complex structures of German giants. 👉🏻 The Battery Conundrum: Access to affordable, high-quality batteries is crucial. While Germany invests in R&D, China boasts established battery manufacturers. Collaboration might be the key. 👉🏻 Policy in Play: Subsidies play a role, but China has begun to wean its market off them. Germany's recent subsidy cut could further hinder EV adoption. 👉🏻 Bridging the Infrastructure Gap: China's extensive charging network dwarfs Germany's, contributing to range anxiety and slowing EV adoption. Shifting Gears: Recommendations for German Automakers 👍🏻 Accelerate EV Development: Prioritize EV production and R&D, streamlining operations for faster innovation. 👍🏻 Forge Alliances: Explore partnerships or invest in domestic battery production to secure a reliable supply chain. 👍🏻 Charge Up Infrastructure: Lobby for government support to expand charging networks and ease range anxiety. 👍🏻 Invest in Talent: Revamp talent management strategies to attract and retain skilled personnel for the EV transition. 🏁 The Finish Line: Germany's auto industry, facing disruption from EVs and autonomous driving, can learn from the US. Unlike China's state-backed dominance, the fragmented US market offers an opportunity to close the gap. While catering to American preferences for larger EVs and collaborating on infrastructure like charging networks, Germany must also embrace disruption by investing in R&D, upskilling its workforce, and securing a sustainable supply chain. Leveraging its strong government support, stricter environmental regulations, and robust public transportation, Germany can carve a unique path in the new automotive landscape, ensuring its future as a leader through adaptability, collaboration, and a forward-thinking approach. 🤝🏻 Many thanks to Qian Wang and Richard Hell for their insightful contributions to the report. #automotivenews #automotivereport #automotiveindustry #electricvehicles
Unlocking insights: Germany's iconic auto industry has always embraced innovation. Now, the electric vehicle shift is a chance to redefine automotive excellence once again. But the competition is fierce, with China leading the charge. Our new report explores how Germany can leverage its strengths, address its weaknesses, and seize the EV opportunity. Download for strategic insights here: https://okt.to/RYXWFU #ElectricVehicles #AutomotiveIndustry #AMon
Takeaways from Chinese EV development
alvarezandmarsal.com
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🚗 What is the role of Interim Managers at Driving Efficiencies and Synergies? 🚗 Volkswagen is taking a bold step to streamline operations and harness synergies across its manufacturing footprint, enhancing both efficiency and competitiveness. What is the target? 🔹 Strategic Realignment: By simplifying operations, Volkswagen is better positioned to adapt to changing market demands and maintain its market position in the industry. 🔹 Efficiency: Through targeted efficiency enhancements, the company aims to reduce costs, improve performance, and deliver greater value to customers. Which role do Interim Managers play in such scenarios? Our international industry experts play a pivotal role in identifying and capitalizing on operational synergies. They ensure that strategic realignment is not only effective but also sustainable by conducting comprehensive evaluations of internal processes and streamlining international inter-company collaboration. Kudos to Volkswagen for their forward-thinking strategy! 👏 Or do you think the Trade Unions will destroy VW? #Volkswagen #OperationalExcellence #StrategicAlignment #BusinessEfficiency #AutomotiveIndustry #InterimManagement #Synergy #Innovation
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Is your automotive strategy fostering innovation or stifling it? Learn how industry leaders use OSS to focus on what truly differentiates them in the market. Access our vision paper to reshape your competitive edge.#innovationleadership #automotivetrends https://hubs.la/Q02yhbNs0
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Change in the management structure at Brose SE On October 2, 2024, the shareholders of the international automotive supplier transformed the dualistic structure of Brose SE into a monistic one. This requires several new designations: The previous Chairman of the Supervisory Board, Michael Stoschek, is now Chairman of the Administrative Board. His son Maximilian Stoschek remains his deputy as before. This means their tasks have not been changed. The Executive Board members are now Executive Directors of their respective divisions. The reason for this change was the lack of management and decision-making ability due to the lack of the owners' right to issue instructions to the Management Board as well as the lack of authority of the CEO over the other board members. This bureaucracy was paralyzing the company’s organization and the constructive collaboration between shareholders and management. To successfully address the various internal and external challenges, it is particularly important now to make swift and pragmatic decisions. Philipp Schramm has no longer been a member of the Executive Board since 2 October 2024, as he declined the appointment as Chairman of the Executive Directors. The shareholders have therefore appointed Stefan Krug , in addition to his responsibilities as Chief Operating Officer (COO), as the new Chief Executive Officer (CEO) of the company. Stefan Krug has been with Brose in various roles both domestically and internationally since 1998. The shareholders would like to thank Dr. Schramm for his successful work since 2020 and his tenure as CEO since September 2023. The management and staff welcome the change at the top and Michael Stoschek‘s willingness to support the Executive Directors again with his more than 50 years of experience in tackling the challenges ahead. #brose #automotive #buildingexcellencetogether
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Continental AG: Major Transformation in 2025 Continental AG is preparing to spin off its Automotive group sector by the end of 2025, creating a leaner, more agile organisation. As part of this transformation, Olaf Schick, Executive Board member for Finance, Integrity, and Law, will step down on September 30, 2025, before joining the board of management at Mercedes-Benz Group AG. ✅ Spin-Off Details: Preparations conclude: Q3 2025 Shareholder resolution: April 2025 Execution: By year-end ✅ Strategic Goals: Greater independence for Tires and ContiTech sectors Automotive positioned for market success Learn more about this exciting transition: https://lnkd.in/ewtt2Jmy #ContinentalAG #AutomotiveSpinOff #Leadership #OlafSchick #BusinessTransformation Continental
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