Continental CFO Wolfgang Schaefer on Chip Shortage, Price Increases

The video discusses the impact of the semiconductor shortage on the automotive industry, highlighting a significant reduction in car production. It also addresses the challenges posed by rising raw material costs, particularly in rubber, and the company's financial strategies to mitigate these issues. The company is on track with its spin-off plans and anticipates strong demand for electric vehicle components. The market recovery in Europe is expected to be slower compared to the US and China.

What is the estimated reduction in car production due to the semiconductor shortage?

• 500,000 cars

• 1 million cars

• 1.5 million cars

• 2 million cars

What is the expected timeline for the semiconductor shortage to have remaining effects?

• Until the end of next year

• Until the end of the current year

• Until the first half of next year

• Until the third quarter of next year

Which raw material has shown significant price increases affecting the automotive industry?

• Aluminum

• Rubber

• Steel

• Copper

What is the company's medium-term target for EBIT margin?

• 5 to 8%

• 8 to 11%

• 10 to 13%

• 12 to 15%

When is the company planning to complete the spinoff of a business unit?

• September

• August

• July

• June

By what percentage did the demand for electric vehicle components increase in the first quarter of 2021?

• 65%

• 55%

• 45%

• 75%

How does the company view the market recovery in Europe compared to the US and China?

• Equal to the US and China

• Unpredictable

• Weaker than the US and China

• Stronger than the US and China