PwC Global Automotive Perspectives: Preparing to Compete
01/07/2010
New approaches to everything automotive companies do from reporting to their stakeholders and the investment community to making decisions on tax and legal structures in a changed global market are essential.
Richard Hanna, global auto leader, PricewaterhouseCoopers LLP recently said, "During the last decade, the underlying competitive landscape has changed dramatically because of the emergence of new markets and new industry players as well as fundamental changes in the economic environments of the mature markets. The global recession has challenged the core operating models responsible for delivering the business strategy of many companies.
In addition to the traditional disclosures on results of operations, cash flows and financial position, users of financial statements want insight into management strategy for dealing with changing industry, extended liquidity information, and transparent discussion of risks and the company's outlook. Establishing a regular information flow between companies and the investment community develops a climate of confidence, creating a virtuous circle of transparency and credibility."
The report highlights three key themes:
• Robust and transparent reporting on financial results and outlook
• The golden rule of transfer pricing and how companies can help themselves
• Simplifying the business model
Most Read
-
-
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Q4 2019
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019
-
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
-
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
Q1 2019
-
Creative Approaches to Last Mile Distribution
Q1 2020
-
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide