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The Society of Motor Manufacturers and Traders The Society of Motor Manufacturers and Traders InternationalInternational Automotive Automotive Summit Summit 2424 November November 2009 2009 Chief executive’s welcome I am delighted to welcome you here this afternoon to SMMT’s first International Automotive Summit. We meet at an extremely important time, having endured the most difficult economic conditions, and this event gives us the chance to look beyond the recession and recognise the opportunities that lie ahead. Across the political spectrum there is widespread recognition that the UK cannot thrive on financial services alone. Manufacturing, and particularly automotive manufacturing, has a vital role to play in a more balanced economy and will be one of the generators of jobs and prosperity in the years ahead. Government has recognised the strategic national importance of our sector and through its support for the New Automotive Innovation and Growth Team’s report, has committed to a long-term partnership with the motor industry. In terms of our future, we know the global demand for motor vehicles will return. The fast growing markets in Brazil, India and China will continue to embrace personal mobility at faster rates and the replacement cycle for vehicles in developed markets will return. But this future demand will be for cleaner, safer and more fuel-efficient vehicles that can be developed and manufactured anywhere in the world. The challenge for the UK motor industry, and the government, is how to ensure the UK retains and grows its share of the developing global market. The UK’s automotive strengths – efficiency, productivity, innovative R&D and a flexible workforce have already attracted a diverse presence of vehicle manufacturers from Europe, Japan, Malaysia, China, Kuwait, India and the US. We should be proud that the UK is seen as an important location for the global automotive industry but it should also inspire us to work harder to build and maintain close working relationships with the key decision makers in these global enterprises. The UK is home to 27 car and commercial vehicle manufacturers including seven volume car manufacturers, more specialist sports car producers than any other country in Europe and a base for 19 of the top 20 global component suppliers. We are the fourth largest vehicle producer in Europe, home to some of the most productive automotive plants and are the second largest producer of premium cars in the world. What is more, the vehicles we produce, many of which you would have had an opportunity to see as you came in this afternoon, are admired the world over. Whether it’s a Jaguar, MINI, Rolls-Royce, Aston Martin or Bentley, these are iconic products admired the world over and enduringly British. At a time of uncertainty and economic challenge, I am confident that the UK’s strength as a globally competitive and highly productive manufacturing base can help secure new investment. Taking a lead in the transition to a lower carbon future presents a significant opportunity, not just for the motor industry, but the wider UK economy. We have a superb line-up of expert speakers here today who are each looking forward to sharing their knowledge and stimulating debate. I would encourage you to get involved and hope the topics discussed here this afternoon will lead to greater opportunities for collaboration and partnership both within our industry and the stakeholders, government departments and media it reaches on a daily basis. Paul Everitt Chief Executive The Society of Motor Manufacturers and Traders The Society of Motor Manufacturers and Traders The Society of Motor Manufacturers and Traders (SMMT) supports and promotes the interests of the UK automotive sector at home and abroad. Working closely with member companies, SMMT acts as the voice of the motor industry, promoting its position to government, stakeholders and the media. Through national and international events, UK and European lobbying activities, reliable automotive data and practical advice, SMMT works to strengthen the UK motor industry, attract inward investment and develop international business opportunities. One of the largest and most influential trade associations operating in the UK, SMMT’s resources, reputation and unrivalled automotive data place it at the heart of the UK automotive industry. 2 Welcome 14:00 – 14:05 Opening remarks and introductions by event moderator Professor Richard Parry-Jones, chairman of the New Automotive Innovation and Growth Team and newly formed Automotive Council and former chief technical officer, Ford Motor Company. Lord Peter Mandelson, secretary of state for business, innovation and skills 14:05 – 14:25 Recognising the valuable contribution that manufacturing makes to the UK economy and the strategic national importance of the automotive sector, government has engaged with industry and delivered real solutions through the current recession. Lord Mandelson’s keynote speech will provide the opportunity to consider government’s long-term intention for an ongoing partnership with the sector. Ravi Kant, vice-chairman, Tata Motors Ltd 14:25 – 14:45 Tata Motors' Ravi Kant will provide a unique perspective and insight into the UK both as a location for automotive investment and as a partner for the economic powerhouse that India is becoming. Session one: Building a balanced economy – the future role of automotive 14:45 – 15.25 There is an emerging political and economic consensus that manufacturing will be critical to the UK's post-recession industrial future with the first formal session of the afternoon questioning the actions needed to attract the inward investment that will drive future employment and prosperity in the automotive sector. Mark Prisk MP, shadow business minister, Conservative Party Dr Matthias Holweg, director, Centre for Process Excellence and Innovation, Cambridge Judge Business School Steve Radley, chief economist and director of policy, Engineering Employers Federation Refreshments to be served in the St. James’ Suite (15.25 – 15.45) Session two: The technology challenge 15:45 – 16:30 At a time when many are speculating about the basis of future economies, the motor industry is set to generate new technology and innovation at unprecedented rates. It is inevitable that global demand for vehicles will continue to rise and it is our challenge to ensure these continue to be progressively cleaner, safer and more fuel-efficient. Opening address and session chair: Professor Neville Jackson, Group Technology Director, Ricardo plc Panellists: Jamie Borwick, founder and chairman, Modec Jerry Hardcastle, vice president, vehicle design and development, Nissan Europe Dr Wolfgang Steiger, director, future technologies, Volkswagen Group Session three: Conflicting influences on buying behaviour 16:30 – 17:15 While vehicle manufacturers invest heavily in developing and producing cars that are increasingly safer, cleaner and affordable, consumers are critical to the rate at which these products arrive on UK roads. Ultra-low carbon technology is increasingly under the spotlight but with brand loyalty, advertising, taxation and government incentives all vying to influence buyer decisions, how closely do consumer perceptions match the opinions of those in the industry? Opening address and session chair: Joe Greenwell, chairman, Ford of Britain and president, Society of Motor Manufacturers and Traders Panellists: Steve Fowler, editor, What Car? Ken Gibson, motoring editor, The Sun Ian Webber, category director - Automotive, Yahoo! Closing address 17:15 – 17:30 Paul Everitt, chief executive, The Society of Motor Manufacturers and Traders 3 Professor Richard Parry-Jones, chairman of the NAIGT Richard is an automotive engineering leader who worked for the Ford Motor Company from 1969-2007. Until his retirement, he spent nearly ten years as group vice-president in charge of R&D for all of Ford and its subsidiary companies worldwide, leading a staff of 30,000 professionals in a network of product development centres in 15 countries. He was also the company's chief technical officer for the last eight years. During his career at Ford he worked in many countries outside the UK, including seven years in the US and five years in Germany. He was responsible for developing all Ford of Europe cars launched between 1993 and 2008, as well as many Jaguar, Land Rover, Aston Martin and Volvo products. Lord Peter Mandelson, secretary of state for business, innovation and skills Lord Mandelson was appointed secretary of state for business, enterprise and regulatory reform in 2008. He previously served as European commissioner for trade from 2004. Prior to that he was a Member of Parliament for Hartlepool and served in the Cabinet as trade and industry secretary and Northern Ireland secretary. On 8 June 2009, Lord Mandelson was appointed first secretary of state and Lord President of the Council as well as remaining secretary of state for the newly-formed Department for Business, Innovation and skills which was the former Business, Enterprise and Regulatory Reform and Innovation, Universities and Skills departments. Ravi Kant, vice-chairman, Tata Motors Ltd Ravi Kant is the vice-chairman of Tata Motors Ltd, India’s largest automobile manufacturing company. Previously, he was managing director and has been with the company since 1999. He was associated with the acquisition of Jaguar and Land Rover and Daewoo Commercial Vehicles, Korea as well as the introduction of several new products like Nano car, Ace small truck, world truck and a range of buses. Ravi Kant has had extensive experience in consumer durables and the automobile industry. He was previously director, Phillips India Ltd looking after consumer electronics. Mark Prisk MP, shadow business minister, Conservative Party Mark Prisk was elected to the House of Commons in June 2001, as the Member of Parliament for Hertford and Stortford. A Conservative Party member for over 20 years, he led many local and national campaigns and elections, and had stood for Parliament in 1992 and 1997. He is vice chairman of the All-Party Parliamentary Small Business Group, chairman of the East Hertfordshire Business Forum, and honorary vice president of the Small Business Bureau.
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