Automotive Cost Engineering Europe 2019

    FACTON is main sponsor of the conference


    The European edition of the “Automotive Cost Engineering” Conference is gearing up for its second event

    The main sponsor FACTON will be discussing artificial intelligence in cost management and organizing a networking evening to promote personal exchange between experts.


    Potsdam-based Enterprise Product Costing (EPC) software manufacturer FACTON is once again the main sponsor of the European “Automotive Cost Engineering” conference. The event will take place from May 21–22, 2019 at the Grand Hotel Westin in Frankfurt, Germany. FACTON is not only an exhibitor there, the company is also organizing the networking event. Moreover, CEO Alexander M. Swoboda will be delivering a keynote speech on the topic of “Artificial Intelligence in Product Cost Management”. Rüdiger Stern, VP Professional Services at FACTON, will moderate the event.

    Following its successful launch in Detroit, USA in 2017 and Munich, Germany in 2018, the “Automotive Cost Engineering” conference will continue with its successful format in Europe on May 21 and 22, 2019 at the Grand Westin Hotel in Frankfurt.  FACTON is the main sponsor of the conference series. The event brings together cost experts from the entire automotive supply chain to share best practices and promote a culture of transparency between suppliers and customers. FACTON is making its contribution by organizing the get-together that will be held on the first evening of the event. Participants are encouraged to share their experience and network in a casual atmosphere.

    “We are currently experiencing exciting times in the automotive industry: Electrification, autonomous driving and digitization are just a few of the key topics shaping the industry. Pair this with the volatile economic and political environment on the global market – and these are some very tumultuous times indeed. This is why it is important for us to use this event to promote a platform that enables participants to exchange ideas and information across national borders,” says Alexander M. Swoboda, CEO of FACTON GmbH. “After all: The only way to find answers to these challenges is to work together.”

    In his keynote Alexander M. Swoboda will shed light on the topic of “Predictive Costing”, i.e. possible applications for artificial intelligence in product cost management. “I have been discussing Predictive Costing with a variety of different groups for a while now. But in the end, everyone agrees: Not only will we be able to use AI in the future to complete existing tasks more efficiently, we will also uncover entirely new solution paths that had been unfeasible or even inconceivable until now,” Swoboda adds.

    Interested companies that reserve their spots at the event through FACTON receive a 30 percent discount on attendance fees to the “Automotive Cost Engineering” conference.

    Press release



    Miriam Korn

    Event Specialist


    Business Development

    Stefan Zorn

    Director Product Management and Marketing