KPMG Luxembourg hosted an automotive industry breakfast seminar on March 29, 2017 on the Plateau de Kirchberg to present KPMG’s Luxembourg Automotive Market Study 2017 as well as review KPMG’s Global Automotive Executive Survey 2017.  In addition Joost Ortjens, Head of Automotive Sector Development, Luxinnovation, was on hand to present the Luxembourg Automotive Sector.

It was a fitting start to an Automotive Market meeting that participants were greeted by a fantastic exhibition of sports and luxury cars early on their way to the KPMG seminar.

Bruno Magal (Manager Advisory, KPMG Luxembourg), Mr Louis Thomas (Partner Tax, KPMG Luxembourg) presented the findings of the Global Automotive Market Study and the third Luxembourg Automotive Study.

Globally, according to the survey, the automotive industry finds itself in a situation KPMG describes as “lost in translation” – or in a dilemma between the automotive and the digital worlds.

This year’s results strongly emphasised that, “ the car itself will continue to be a major revenue stream  but it will not be the only one and auto companies will have to develop new service-and data-driven business models together in one digital ecosystem” ensuring that the all-important customer is kept at the centre.

Key trends predicted to continue are topped by; the increasing importance of battery electric vehicles (BEVs), connectivity and digitalisation, and Fuel cell electric vehicles (FCEVs). For Joost Ortjens, Head of Luxembourg Automotive Components Sector, these top three trends clearly resonate with the Luxembourg sector.

A summary of the key figures: registrations, top brands, CO2 emissions etc.  This study closely follows the evolution of the automotive industry in Luxembourg which today results in About 1,5 billion € sales turnover, more than than 2.5 billion € additional turnover (equivalent) related to Luxembourg based R&D cost-centres and has about 10.000 employees in total along with 2.500 multi-lingual and multi-cultural professionals in R&D. The whole automotive sector was reviewed touching on such items as the number of jobs generated by the automobile sector in Luxembourg and vehicle taxation.

Read more

Entering the European market with ease


In recent years, Luxembourg has emerged as a dynamic hub for innovation, boasting a robust ecosystem that encompasses a multitude of incubators, accelerators, specialised agencies, investors, and innovation hubs. This thriving ecosystem has played a pivotal role in nurturing and propelling numerous successful enterprises across diverse industries onto the global stage. Top executives leading some of Luxembourg’s key structures explain what the ecosystem offers and why this might just be the smartest and most cost-effective way for a soft-landing and to gain a foothold in foreign markets.
Read more

A gateway to Europe from Japan


A delegation made up of nine innovative Japanese companies is currently visiting Luxembourg from 27 to 29 November 2023, hosted by Luxinnovation and the House of Entrepreneurship. Their objective is to find out how they could benefit from Luxembourg as a gateway to Europe and find partners who could help them expand their business to the European market.
Read more

Pioneering “gamified neuroscience” for brain disorders


Luxembourg-based company Myelin-H is developing a revolutionary software technology for the remote monitoring and management of neurological disorders. The company’s CEO, Zied Tayeb, sheds light on the company’s mission to make a difference and how a personal story sparked the conception of his startup.
Read more

Accessing the European healthtech market


Healthtech solutions are subject to rather complex regulatory requirements guaranteeing health standards and protection in the EU. Luxembourg’s national innovation agency Luxinnovation manages a range of initiatives aimed at supporting healthtech companies from strategy development to European market access.
Read more

On the road to personalised medicine


In 2008, the Luxembourg government launched its Sciences and Health Technologies Action Plan to diversify its economy, nurture health technology innovation and stimulate the shift towards personalised medicine. Fifteen years later, the country is home to internationally renowned biomedical research centres and a growing community of healthtech companies focusing, in particular, on digital health, digital medical devices and in vitro diagnostics.
Read more

All news