Coronavirus Is a New Type of Risk, Says Schaeffler CEO

The video discusses the impact of the coronavirus on business, highlighting the company's performance in 2019 and its strategies to cope with the pandemic. It covers self-help measures like travel bans and supply chain management, the effect of event cancellations, and risk management. The video also explores demand expectations in the Chinese auto market and cost-cutting strategies, including the influence of oil and steel prices.

What was the company's performance in 2019 in terms of free cash flow?

• It was not reported.

• It exceeded expectations.

• It met expectations.

• It was below expectations.

What was one of the first actions taken by the company in China to address the coronavirus?

• Increasing production capacity

• Setting up travel bans

• Reducing workforce

• Expanding supply chains

Why does the company believe event cancellations are necessary?

• To increase sales

• To save costs

• To focus on other markets

• To prevent virus spread

What is the company's expectation for the Chinese auto market in the coming months?

• A continuous decline

• A sudden increase

• A gradual improvement

• No change

What is the company's approach to dealing with the current unprecedented situation?

• Panic and react quickly

• Stay calm and focused

• Ignore the situation

• Wait for government intervention

How did the company manage its workforce in 2019 as part of cost-cutting measures?

• Increased by 5000 people

• Reduced by 5000 people

• No change

• Outsourced jobs

What is more important than oil prices for the company's cost management?

• Marketing expenses

• Steel prices

• Labor costs

• Technology investments