Survey: What is the best way for manufacturers to reorganise finances?

11 January 2019

Survey: What is the best way for manufacturers to reorganise finances?

11 January 2019

Much was made last year about the need for manufacturers to save money. For some, the pressure of WLTP hit finances, while others suffered with the need to spend more on research and development. Other carmakers were hit by declining markets, with fewer sales denting their income.

In the last few days, both Jaguar Land Rover (JLR) and Ford have made announcements concerning a reorganising of its business to improve profits following poor results. While JLR has focused its latest announcement from its turnaround programme on job cuts, while announcing investment in plants, Ford has gone further, with staff losses, model cuts and plant closures mooted.

With Brexit occurring in March, diesel sales likely to drop further and the pressure for electric and autonomous vehicle research increasing, Autovista Group wants to know your thoughts on where carmakers should be looking to make cuts to improve their financial models. Are widespread staff layoffs the best method, or is plant closure a better option? Should models be streamlined or can money be cut from development budgets? Votes close on 18 January.

What is the best way for manufacturers to reorganise finances?

  • Widespread job cuts
  • Plant closures
  • Model streamlining
  • Pulling investment from R&D
  • Merging offices into one location
  • Other (please specify in comments below)