On the path to growth with the automotive industry
The significance of the automotive sector in Central, Eastern and Southeast Europe is already very high and continues to rise. In CEE, millions of cars are produced annually, which is a share of over 20% of total production of the EU.
The Central and East European market has been an attractive location for automobile manufacturers for many years. Lower wage costs, highly skilled workers and an above average rate of economic growth are ideal conditions for investments.
The competitive environment in the automotive industry is intense and will remains so. Only if companies are able to respond flexibly to innovation will they stay ahead and achieve success in the future.
Over many years, we at Grant Thornton have built up a solid reputation as experts for the automotive industry as tax advisors and auditors. Our specialists support and provide advisory services, also across borders, to many renowned automobile manufacturers both for retail and the supplier industry.