The document discusses how automotive companies can embrace circular economy principles to remain competitive. It notes that car sharing has increased vehicle usage rates by 3 to 5 times. If automotive companies adopt selected circular business models across their value chains, they could see a 14% reduction in costs and $400-600 billion in additional revenue by 2030. This would require approaches like vehicle design for durability, product-as-a-service business models, extending product lifetimes, and increasing reuse of materials. The document outlines the circular economy value chain and capabilities automotive companies need to develop, such as enabling after-sale service and continuous customer engagement.