“We all have interest in reducing tension in the markets. But this cannot be the end of the story. Shortage of oil is not any more a temporal problem but a structural one. We should change the way we produce and consume energy for ever. We have to move away from oil...”
—Andris Piebalgs, Commissioner for Energy, European Commission

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Why attend?

For centuries, the modern world has been dominated by its reliance on oil. It has become the ingrained solution for nearly every energy need and has infiltrated its way into every consumer product. Its dependence has shaped countries, diplomacy, economies, and the transportation industry. Yet because of this interdependence, oil and all factors connected to it have the power to swing nations and industries into extreme disarray. The past year has shown that the interdependence on oil has the ability to raise the costs of the automotive industry, shrink its margins and create a new consumer almost instantaneously. The dramatic rise in oil prices has crippled U.S. auto makers to their knees, while the fate of suppliers and labour forces has never been so bleak. Combined, these factors have created an industry that is on the verge of a revolutionary shift. The global dependence on oil has now become the automotive industry’s biggest contradiction – and its biggest challenge. The impacts of oil and changes to the automotive industry have been far-reaching. It is now crucial to understand the causes of theses changes, to analyse the outlook for the global automotive industry, and create viable solutions for the future.

This Briefing will provide a timely opportunity for OEMs, tier suppliers, marketers, consultants, research and development houses, industry analysts, component manufacturers, industry stakeholders and policymakers to discuss the wider implications of global oil dependence on the automotive industry, political influence and infrastructure challenges. Furthermore, delegates will discuss how the automotive industry can poise itself for flexibility in costs, production and marketing. Delegates will have the opportunity to network, share ideas and discuss business development initiatives with delegates and speakers alike in an informal atmosphere.

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