Continental’s Long-Term Plans Are Unchanged: CFO

The transcript discusses the gradual business recovery in May and June, highlighting the challenges in forecasting due to a volatile environment. It covers demand elasticity, particularly in China and Europe, and the impact of the pandemic on sales. The discussion includes dividend plans, restructuring efforts, and the use of government programs like furloughs. It also touches on future demand predictions and industry support, such as stimulus programs. Finally, it provides an update on production facilities and safety measures implemented post-virus.

What was identified as the worst month for business due to lockdowns in Europe and North America?

• March

• April

• May

• June

Which country is used as an example of market recovery post-lockdown?

• China

• Germany

• United States

• India

What is the company's approach to handling short-term market volatility?

• Expanding workforce

• Reducing product prices

• Increasing production

• Short-term flexibility measures

How does the company view the relationship between government support programs and dividend payments?

• They are mutually exclusive

• They are unrelated

• They are in conflict

• They complement each other

What percentage of the company's workforce was involved in government support programs?

• 60%

• 50%

• 40%

• 30%

What is the expected timeline for a clearer picture of market conditions in 2021 and beyond?

• A few weeks

• A few years

• A few days

• A few months

What measures are being taken to ensure safety in production facilities post-virus?

• Outsourcing production

• Increasing workforce

• Reducing production

• Implementing social distancing and protective measures