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 was the main challenge faced by the automotive industry in 2022?

• Supply chain disruptions

• High inflation

• Technological advancements

• Lack of demand

Which regions are expected to see stronger growth in vehicle production in 2023?

• South America and Australia

• Middle East and Asia

• Europe and North America

• Asia and Africa

What is one of the major stories affecting the auto industry related to input costs?

• Fuel price increase

• Chip shortage

• Environmental regulations

• Labor shortages

How is Continental addressing the challenges posed by inflation?

• Improving cost structure

• Expanding into new markets

• Reducing workforce

• Increasing product prices

What is the expected impact of China's market on the automotive industry in 2023?

• Increased competition

• A decline in demand

• A major tailwind

• No significant impact

What strategic initiative is Continental focusing on in response to the Inflation Reduction Act?

• Reducing production costs

• Expanding footprint in North America

• Enhancing product quality

• Increasing sales in Asia

How does Continental's spinoff of the Tesco business affect its operations?

• It focuses more on powertrain

• It becomes engine independent

• It reduces its market share

• It increases its workforce