Schaeffler CEO Says Automotive Margin Target is Conservative

The video discusses the outcomes of a Capital Markets Day, highlighting a two-pronged strategy for the auto and industrial sectors, focusing on electrification and sustainability. It addresses the challenges posed by reduced demand and the role of government aid in transitioning to new business models. The discussion emphasizes the importance of sustainability as a new norm and the potential for growth in the electrified powertrain sector. The video concludes with a focus on the company's commitment to achieving its targets and the role of innovation in driving sustainability.

What was the main focus of the company's new roadmap presented during the Capital Markets Day?

• Investing in fossil fuels

• Reducing workforce by 50%

• Integrating auto and industrial supply

• Expanding into the aerospace industry

What is the company's strategy to increase its order intake in the new business?

• Reducing prices significantly

• Increasing order intake from €1.5 to €3 billion per annum

• Focusing solely on traditional powertrains

• Expanding into the food industry

How does the company plan to fund its transition into the new business?

• By selling off its industrial division

• By taking loans from international banks

• Through its strong mature business

• By utilizing state aid

What is the company's stance on the use of state aid for its transition?

• It will not utilize state aid

• It will use state aid only for research

• It is undecided about using state aid

• It plans to heavily rely on state aid

What is the company's position in the wind energy sector?

• It is the global leader

• It has no involvement

• It holds a number 2 or 3 position

• It is a new entrant

What is the company's approach towards achieving its mid-term targets?

• They are set as a conservative baseline

• They are not clearly defined

• They are overly ambitious

• They are dependent on external factors

What role does the company believe innovative customers will play in the transition to sustainability?

• They will have no impact

• They will slow down the transition

• They will drive the next step into sustainability

• They will only support traditional methods