Schaeffler CEO on Business Diversity, Trade, Brexit

The video discusses Scheffler's business model, highlighting its divisions and market conditions. It addresses the transformation in the automotive industry, focusing on hybrid vehicles and CO2 regulations. The impact of Brexit on trade and Scheffler's operations is examined, along with global trade challenges and the company's localization strategy in China and the US.

What is the main reason for Scheffler's robust business model despite challenges in the automotive market?

• High demand for electric vehicles

• Increased automotive sales in Europe

• Strong performance in the industrial sector

• Expansion into new markets

What is driving the transformation in the automotive industry?

• Increased fuel prices

• Decline in car ownership

• Rise of public transportation

• CO2 regulations and new technologies

Why are hybrid vehicles considered important for the foreseeable future?

• They are more popular in Europe

• They help solve CO2 regulation challenges

• They are cheaper to produce

• They have longer battery life

How is Brexit affecting automotive companies like Scheffler?

• Increased demand for local products

• Challenges in cross-border trade and tariffs

• Higher production costs

• More investment opportunities

What is Scheffler's stance on the global trade tensions?

• They prefer open borders and fair trade

• They support increased tariffs

• They are unaffected by trade tensions

• They are relocating their operations

How does Scheffler manage its exposure to the US-China trade tensions?

• By diversifying into other industries

• By localizing production in China

• By increasing exports to Europe

• By reducing workforce

What is the sentiment in China regarding the automotive market?

• Excited about new technologies

• Negative due to trade tensions

• Positive and optimistic

• Neutral with no significant changes