Reviews car supplier: Chip crisis and delivery problems: Continental lowers winning forecast clearly

22:55  22 october  2021
22:55  22 october  2021 Source:   handelsblatt.com

A Brief History Of Gasoline: How Standard Oil Got Away With It

  A Brief History Of Gasoline: How Standard Oil Got Away With It The last installment of this series covered the rise of Standard Oil, the blueprint for every murderous modern corporation, but this week’s entry does not cover its fall. There has been no great defeat of Standard, as the little companies that it was broken into continue to evade judgement — real judgement — for their crimes. After each blow, Standard grew a new head; at each grasp Standard, became more slippery. This is the fifth story in a series of stories on the history of gasoline. So far, Jalopnik’s tech coverage has been focused primarily on the emergence, or reemergence of the electric vehicle.

The car supplier must reduce its outlook. Continental expects losses and margins for the current year.

Chipmangel und Probleme in der Lieferkette setzen den Dax-Konzern unter Druck. © dpa Chip deficiency and problems in the supply chain put pressure on the DAX Group.

It was only a matter of time until Continental would be captain his profit goals for the current year. According to the suppliers Hella, Faurecia, Aptiv and Magna, the DAX Group must also tribute the chip deficiency and brittle supply chains. Instead of up to 34.5 billion euros, Conti now expects sales of 32.5 to 33.5 billion euros. This was announced by of the DAX concerture at the early Friday afternoon by compulsory message.

car supplier Hella goes in French hands

 car supplier Hella goes in French hands The car supplier Hella is swallowed by the competitor Faurecia. © David Inderlied / DPA The company's logo is "Hella" at the headquarters of the automotive supplier. The French Take over from the previous owner family Hueck 60 percent of the shares of the MDAX Group from North Rhine-Westphalia for nearly four billion euros, the two companies participated in Saturday night. 3.4 billion euros of this gives the family in cash, the rest in Faurecia shares.

The chip crisis and lack of material also affect the profit from . The adjusted operating profit margin is estimated for the full year between 5.2 and 5.6 percent. Originally, Conti had expected 6.5 to seven percent.

, above all, the company is responsible for the market figures falling as a result of the chip crisis for the profit warning. At the beginning of the year, the industry was based on the corona year from a significant recovery of worldwide car sales figures. Up to ten percent more cars had to be produced 2021. Instead, in the worst case, Conti even expects a sales minus from one percent compared to the previous year.

, especially the third quarter ran badly for the supplier industry. Conti shows a free cash flow from just twelve million euros for this period. In the same period of the previous year, there were still just under 1.8 billion euros. The share after the profit warning was almost the entire day win, but then recovered quite fast and recently recalled more than three percent in the plus.

Is the iPhone 13 more expensive? Chip manufacturer TSMC increases the prices

 Is the iPhone 13 more expensive? Chip manufacturer TSMC increases the prices TSMC, the largest chip manufacturer in the world, will raise its prices by up to 20 percent. This is likely to affect the prices of smartphones up to cars. Allegedly, the iPhone 13 could be more expensive. © T3n; Apple In all iPhone 12 variants, the new hexagon chip A14 Bionic is set. Taiwan Semiconductor Manufacturing, short TSMC, is the largest chip manufacturer in the world and the group responsible for chips of Apple, AMD, Nvidia, Qualcomm and even a handful of Intel processors.

"The negative effects of the cost increase for important supplies, including electronics and electromechanical components for automotive technologies, raw materials for Rubber Technologies and Energie and Logistics significantly reinforce themselves," it said in the communication of the Group.

Faint result in the core business

The DAX Group must accept significantly higher logistics costs for the delivery of chips alone. Because the part are flown in part by plane, the company expects only this year with an additional effort of around 200 million euros. On the other hand, Conti reduces its expenditure on research and development in the field of automated driving of up to 200 to 100 to 150 million euros.

This ensures management the free cash flow, which is significantly lower this year than originally targeted. Instead of 1.1 to 1.5 billion euros Conti goes out in the worst case of only 800 million euros and at best of 1.2 billion euros.

Rare Muscle Cars That Get Overlooked

  Rare Muscle Cars That Get Overlooked We’ve all heard of the 1970 Hemi ’Cuda and big-block Chevelle SS. Those are the go-to images when bench racing the rare muscle car. As a result, prices are tipping $100,000 for clean, original versions. If you can’t afford that, don’t worry; there are other rare muscle cars that are more unique than some of

Especially bitter is likely to be the result of the automotive division for Continental Chief Nikolai Setzer. In it, the company bundles its core business with autocomponents, sensors and software. This year, the division will be retracted with a minus of two to 2.5 percent higher losses than in the Corona Fiscal Year 2020. This shows that the chip crisis makes more of the supplier than the Coronabended factory closures a year ago.

The tire and industrial sectors, on the other hand, rescues the total balance of Continental. Sales and profit should only be just under the prognosis. Compared with the previous year, the company even expects a higher EBIT margin of up to 12.7 percent - and although the increased cost of rubber costs, for example, with an additional burden of 550 million euros in the balance sheet.

More: bottlenecks in the auto industry: On the chip crisis follows with aluminum deficiency a much greater problem

Reader favorites: Energy supply: China deposits companies the electricity - also German companies suffer

Hard Corona and Reform Course: The Unbservable Mario Draghi - How Italy the rest of Europe flours

entrepreneur accused: accusation of heavy tax evasion: Shock for multimillionaires and billionaires

motorway company: on highways threatens a new building topp - construction industry could set work

Comment: Teslas risky chip strategy has now paid out

Hellofresh share jumps double-digit: HelloFresh Increases sales forecast again .
The cooking box sender HellOfresh has raised its sales forecast for a strong strong growth in the current financial year until October. © Provided by finanzen.net Indranil Mukherjee / AFP / Getty Images In the third quarter, consolidated sales increased to € 1.416 billion of € 970 million in the same period of the previous year and thus exceeded the current analyst forecast of 1.312 billion euros, as the Hellofresh SE announced.

usr: 0
This is interesting!