In model-based systems engineering, a system model is the central development artifact containing architectural and design descriptions of core parts of the system. This abstract representation of the system is then partly realized in code. Throughout development, both system model and code evolve independently, incurring the risk of them drifting apart. Inconsistency between model and code can lead to errors in development, resulting in delayed or erroneous implementation. We present a work in progress towards automated mechanisms for checking consistency between a system model and code, within an industrial model-based systems engineering setting. In particular, we focus on automatically establishing traceability links between elements of the system model and parts of the code. The paper describes the challenges in achieving this in industrial practices and outlines our envisioned approach to overcome those challenges.