As 2009 began to unfold, it became increasingly clear that the significant changes we saw emerging in the latter half of 2008 continue to dominate the automotive landscape today. Changes in financing sources, in ownership, in consumer demands, and more dominate the industry news. This issue of Global automotive perspectives looks at three top-of-mind issues facing automotive executives in today's dynamic environment:
Automotive supply chain financial recovery: Now more than ever, it is important for auto manufacturer executives assess their supply base risk and construct a viable plan that includes formalizing the financing and supply chain risk tools necessary to secure their supply chain.
Access to capital: Related to the need to address liquidity in the automotive supply chain is the manner in which such funding can be secured. Treasury management has become an increasingly important and attractive option for automotive companies with global operations.
The impact of electric vehicles: Still important is the need to deliver innovative products that customers are demanding in today's hyper-competitive and volatile environment. The heightened interest in electric vehicles presents a challenge for established automotive companies while at the same time introducing new players that will re-shape the market for personal mobility.