Automotive industry

The automotive industry is Germany's most important economic sector. Almost one-tenth of the total economic output is directly or indirectly related to automobile manufacturing: over 420 billion euros last year. The number of people employed in this sector has also increased to around 843,000 - another new record.

Coping with fundamental change

However, a fundamental change in the industry has created historic challenges for all manufacturers and suppliers. German automotive companies are coming under increasing pressure from many sides: climate change, the electric boom and radically new mobility concepts. Added to this are declining exports and uncertainties in the USA and Great Britain, two of the most important core markets for sales and procurement.

Ensuring sustainable growth

RSM helps you to position your company in the best way possible for facing these dramatic changes ─ in the market with your customers and suppliers, with your investors and business partners and with a perspective of sustainable growth for your company. Whether internally or through external acquisitions - we support you with customized, individual and sustainable solutions.

Our services

  • Separate and consolidated financial statement audits in accordance with German GAAP and international standards
  • Support in implementing international accounting standards (IFRS, US GAAP) and for ongoing issues 
  • Tax advice at national and international levels (VAT), transfer pricing, assignment of personnel, etc.)
  • Support in transaction planning and realization
  • Advice in special situations
  • Advice on governance, risk & compliance issues

Contact

Automotive industry