CONTINENTAL SEES FURTHER RECOVERY IN THE AUTOMOTIVE INDUSTRY

Nikolai Zetzer discusses the automotive industry's current state, highlighting challenges like inflation and chip shortages. He reviews 2022's performance and forecasts growth for 2023, particularly in Europe and North America. Zetzer notes mixed growth across regions, with Asia showing promise in tires and industrial sectors. Inflation remains a concern, but strategies are in place to manage costs. The demand in China is expected to rise, though the company is not heavily reliant on it. The Inflation Reduction Act in the US is seen positively, and the shift towards electrification presents new opportunities for technology development.

What strategies does the company employ to manage risks associated with supply chain challenges?

How does the speaker describe the impact of the Inflation Reduction Act in the United States on the automotive industry?

In what ways is the automotive industry transitioning towards electrification, and how does this affect Continental?