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Autoindustrie: China-Probleme „deutlich verschärft“: Schaeffler schreibt eome Viertelmilliarde Euro ab

Europäische Autobauer leiden in China und ziehen ihre Zulieferer mit nach unten. Nun muss Schaeffler darauf reagieren. Die Aktie fällt auf den niedrigsten Stand seit einem Jahr.

Autoindustrie: China-Probleme „deutlich verschärft“: Schaeffler schreibt eome Viertelmilliarde Euro ab

Auto-maker Schaeffler is writing off hundreds of millions of euros due to weakened electric vehicle sales in China. The industrial conglomerate is writing back around 240 million euros, with most of the write-off (220 million euros) occurring in the third quarter. This comes as demand for electric cars from European manufacturers, particularly in China, is shrinking.

Schaeffler's chief executive, Klaus Rosenfeld, told the Handelsblatt that the problem has "clearly worsened since the beginning of the year." Analyst Vanessa Jeffriess from Jefferies said it is "not surprising that the pressure is gradually becoming noticeable." The company's stock fell to its lowest point in a year. The write-off is aimed at addressing overcapacity in Schaeffler's electric mobility division and to rebalance its portfolio in thermal management systems used for battery cooling.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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Northisle Announces Exploration and Geology Team Transition Plan

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