With disruption all around us, standing still is not an option. Success happens when we push forward. The automotive industry is experiencing a disruptive trend as technology and user behavior is transforming traditional vehicle manufacturing. The continued growth and significant model disruption in the sector will continue to expand as new companies enter the industry and others adapt – and seek to embrace – future changes.
For the well prepared, the new automotive market offers ample opportunity as it evolves into the global mobility and transportation era. The unprepared may be left behind.
Baker Tilly helps you place in the first group of companies: those that can better anticipate change and adequately respond to it.
In addition to experienced business professionals, our automotive and mobility practice offers industry advisors cultivated in the automotive industry including engineers, operations professionals and growth strategists from OEMs and global tier suppliers. In addition to calling Detroit “Motor City” home, our team extends across other industrial markets that are instrumental to the vitality of the mobility sector – all of whom we serve daily, including:
Combining multilingual advisors, single point-of-contact service and our extensive global footprint across more than 145 international markets, our Automotive and Mobility practice brings together a multi-disciplinary team that helps to solve the ecosystem's most complex business and operational challenges.
The auto industry is set to transform the world of mobility over the next 20 years. Government regulations, consumer preference and the need to automate production processes will force the expedited demand for both electric and autonomous vehicles.
These macroeconomic indicators plus micro implications around connectivity, electrification, new ownership models and real-world autonomy will force manufacturers to innovate. Traditional original equipment manufacturers OEMs face new competition — from electric vehicle (EV) technology startups to highly successful EV OEMs with exceptionally high market capitalization. Legacy internal combustion engine (ICE) suppliers who continue to operate at status quo are at risk. New competitors are investing in the electric powertrain and new supply chain entrants are bringing different, non-traditional business views and engineering expertise, creating more behind-the-scenes disruption to the legacy business models ICE suppliers are accustomed to operating under.
The new EV manufacturing supply chain participants need to build not only new vehicles, but also the supporting business ecosystem — from charging stations through aftermarket enhancements. Automotive suppliers can position themselves to sell into new component product offerings while streamlining operations. Businesses must balance flexibility and integration to increase market share with customers.
The Baker Tilly mobility and transportation practice is at the forefront of helping automotive industry clients increase their speed to value during this disruption.
We provide strategic and management consulting services that support key areas within the electric vehicle ecosystem ― supplier transformation and electric vehicle activation. Our mobility and transportation specialists are focused on helping traditional ICE suppliers evolve, transform and innovate for future success. Our electric vehicle strategy team focuses on helping new electric vehicle companies land and expand in the U.S. marketplace. This strategy includes bridging the gaps with local municipalities, evaluating credits and incentives, creating strategic partnerships and helping our clients with physical plant buildouts.
How do you leverage technology to help drive more business? Baker Tilly deployed Plex Manufacturing Cloud for tier 1 automotive supplier, American Axle & Manufacturing. We can show you how to use technology to your advantage in this ever-changing market.
As the industry changes, dealerships continue to adapt. Our automotive dealership team helps dealers stay ahead of trends and solve difficult issues facing them each day. Aside from benefitting from our team’s quarterly benchmark performance indicators reports that keep you informed, we can help you with both near- and long-term planning needs.
Automotive remains one of the world’s most globalized industry sectors. This is the reason why hundreds of companies in the industry turn to Baker Tilly for help converting their most challenging obstacles into global opportunities. From support in launching a brand-new manufacturing facility – all the way to conducting primary data acquisition across multiple international markets – Baker Tilly is the end-to-end partner in transforming concepts into reality on a worldwide scale.