Whenever the combustion engine dies, how do you imagine the end of your business, i.e. the point in time when the last factory is buried?
First of all, we are talking about very long periods of time, which can be well over 20 years depending on the region. An end date is not foreseeable in most regions. There are also important applications such as heavy trucks where there are no competitive alternative drives based on the current state of technology. I also see opportunities to achieve a certain level of utilization through new products. However, it is foreseeable that there will be capacity adjustments at some point. This also includes factory closures. We will do that when necessary. As responsible investors, we will have to take financial precautions for this.
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Transparency note: This interview was conducted on March 3rd. We are showing it again due to reader interest.