Despite the Car Crisis: Bosch Expects Slight Growth
7 Articles
7 Articles
Weak economic conditions, increasing competition, job cuts: Bosch is facing difficult months. The supplier giant now expects a little more sales – but is still under pressure.
Despite the car crisis and US tariffs, Bosch expects sales to increase by just under two percent for the current year. The Group is responsible for several factors.
The automotive division accounts for 60 percent of the company's revenue, and last year it recorded a revenue decline of 0.7 percent, to 55.8 billion euros.
German automotive supplier Bosch said on Monday it expects modest revenue growth this year, signaling that it intends to further reduce operating costs. “Despite stagnation in global vehicle production, weak demand and delays in electromobility and automated driving, Bosch Mobility will record slight growth this year,” the company said. Sales revenue should increase “just under two percent,” it said ahead of the IAA motor show in Munich, which o…
German automotive supplier plans to cut thousands of jobs worldwide
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