Mexican Media Brands
Bosch: No Upturn for Europe’s Auto Market Until 2020
Robert Bosch GmbH predicts that Europe's auto industry will struggle with a stagnant market until 2020.
#economics
Share
Robert Bosch GmbH predicts that Europe's auto industry will struggle with a stagnant market until 2020.
Wolf-Henning Scheider, who heads Bosch's automotive operations, tells Automobilwoche the company has capped R&D budgets to help maintain earnings. He also anticipates no cuts in capacity in Europe. He says Bosch will attempt to avoid layoffs by capturing new business to offset declines elsewhere.
The operating margin for Bosch's automotive group fell from 8.3% in 2010 to 7.7% in 2011 and 4.5% last year.
The group's vehicle technology division contributes about 60% of Bosch's total automotive revenue. Scheider predicts the unit will post an operating margin of 8% in two years. But he declines to say when the entire group's result will be that strong.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .