MarkLines Automotive Information Platform

Leonardo sells stake in Industria Italiana Autobus to Seri Industrial, Italy

ttery industry. Seri Industrial will acquire 98% of the share capital, while the remaining 2% will be held by Invitalia, which will remain as a shareholder in Industria Italiana Autobus after the exit of Leonardo. Seri was selected through an M&A process involving numerous potential investors, with KPMG and Legance serving as advisors. Seri plans to explore partnerships with key global players to enhance production, pursue exports, and drive in...

News Updated at: 2024/06/24

Nissan to negotiate Barcelona plants with GWM, QEV and Silence

Nissan to negotiate Barcelona plants with GWM, QEV and Silence On October 1, The representation of the workers, the Public Administrations and the management of Nissan, with the technical assistance of KPMG held a new meeting of the commission for the reindustrialization of the Nissan Motor Iberica plants in Barcelona (Zona Franca, Montcada i Reixac and Sant Andreu de la Barca).All the members of the committee have decided by consensus to initiat...

News Updated at: 2021/10/04

Faurecia selects KPMG as advisor for onsite renewable electricity production

Faurecia selects KPMG as advisor for onsite renewable electricity production Faurecia announced that it has selected KPMG, the leader in audit and advisory services, as its partner for on-site power purchase agreements advisory services. Under this partnership, Faurecia will benefit from KPMG’s expertise to prepare, execute and implement its solar panel equipment program across all facilities, worldwide. End of 2019, Faurecia has defined an amb...

News Updated at: 2021/06/07

Porsche strengthens cross-industry initiative value balancing alliance

on and reporting obligations accordingly. The new methodology aims to develop standardized and therefore comparable indicators. This should make the actual value contributed by companies transparent to society. The values alliance is supported by the OECD as well as the auditing firms Deloitte, EY, KPMG and PwC, among others. The founding members of the non-profit organisation are BASF, Bosch, Deutsche Bank, LafargeHolcim, Novartis, Philip Morris...

News Updated at: 2019/12/17

Escrypt, KPMG tie up for automotive cybersecurity management systems

Escrypt, KPMG tie up for automotive cybersecurity management systems Escrypt GmbH (Escrypt), a German security solution company, announced that it has entered into a partnership with KPMG International Cooperative, a consulting company for information security management systems. These two companies will cooperate to develop certified cybersecurity management systems for vehicle platforms. Automotive cybersecurity is becoming increasingly importa...

News Updated at: 2019/12/13

NAFTA’s revised rules expected to increase salaries, use of automation in Mexico

% of the components of a vehicle must come from areas with wages of at least USD 16 per hour. In Mexico, workers in the auto industry earn, on average, USD 3.41 an hour in auto parts plants and USD 7.34 an hour in assembly plants.Argenis Bauza, adviser to the Supply Chain and Strategic Resources of KPMG, says that in order to raise salaries, suppliers will automate low added value tasks such as reconciling invoices, accounts receivable and admini...

News Updated at: 2018/09/28

KPMG study predicts auto sales drop as U.S. moves toward autonomous mobility

KPMG study predicts auto sales drop as U.S. moves toward autonomous mobility On November 28, KPMG released a study that predicts that self-driving cars and mobility services will reduce consumer desire to own cars, particularly sedans. KPMG projects that sales of personally owned sedans in the U.S. will drop from 5.4 million units currently sold yearly to 2.1 million units by 2030. At these volumes, KPMG expects the current 10 OEMs serving the U....

News Updated at: 2017/11/29

Mexico attracts more investment from international companies in 2017

Mexico attracts more investment from international companies in 2017 According to a recent survey by KPMG, an increasing amount of international companies are preparing to invest in Mexico in 2017, through either a subsidiary or a partnership model. Of the major companies surveyed, 58% are planning to invest in Mexico in 2017, compared to 55% of those surveyed in 2016.States slated to receive the most investment are Queretaro, Jalisco, Nuevo Leon...

News Updated at: 2017/04/04