Engagement in social media is driving change in the automotive market. How are automotive manufacturers using the readily available information from social media to help shape their future marketing strategies? Do they understand the digital consumer?
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The automotive industry can expect significant changes to the current revenue recognition models under U.S. GAAP and IFRS. The revenue recognition exposure draft is more than a minor adjustment to current the same old standards; the FASB and IASB have unveiled a redesign of the guidance that will likely impact every player in the global automotive industry.
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