Global Automakers Will Significantly Increase Spending On New Technologies, Hybrid and Alternative Fuel Vehicles, Says KPMG Survey

In response to consumer demand, senior automotive executives are expected to increase their investment in new technologies to produce more environmentally-friendly, fuel-efficient vehicles, according to the 11th annual global automotive survey conducted by KPMG LLP, the U.S. audit, tax and advisory firm.

Of the 200 senior executives surveyed, nine in ten expect manufacturers and suppliers to focus on new technologies, while 88 percent predict manufacturers will increase investment on new models/products and 78 percent say suppliers will do the same.