ABB’s Turbocharger Business Could Be Spun Off: CEO

The video discusses the sale of three non-core business divisions, including turbocharging, mechanical power, and power conversion. The company is not in a hurry to sell and aims to find the right buyers. The discussion covers the valuation of these divisions, their financial performance, and the impact of the macro environment, including the pandemic. The company is focused on sustainability, aiming to become carbon neutral by 2030, and is looking forward to opportunities under the Biden administration's green agenda.

Which divisions are being considered for sale by the company?

• Finance, insurance, and real estate

• Turbocharging, mechanical power, and power conversion

• Automotive, aerospace, and healthcare

• Consumer electronics, retail, and logistics

What is the company's approach to selling the divisions?

• They are not planning to sell them

• They are in a hurry to sell them quickly

• They are waiting for the right time and buyers

• They have already sold them

What is the company's plan for the turbocharger division?

• To close it down

• To spin it off

• To merge it with another division

• To expand it

How has the company managed during the pandemic?

• They have reduced their workforce by half

• They have struggled significantly

• They have maintained good financial performance

• They have shut down operations

What is one of the company's main targets in response to the pandemic?

• To increase manual labor

• To focus on automation and new technology

• To reduce production

• To outsource all operations

What is the company's sustainability target for 2030?

• To become carbon neutral

• To double their carbon emissions

• To maintain current emission levels

• To reduce emissions by 10%

What opportunity does the company see with the new Biden administration?

• Growth in electric vehicle charging infrastructure

• Increased tariffs on imports

• Reduction in renewable energy investments

• Expansion of coal plants