Chairman of the Automotive component supplier Bosch Automotive, Bernard Bohr, predicted that the company will be profitable this year. For the first time in 60 years Robert Bosch GmbH, the parent company, lost money.
Speaking at the IAA Commercial Vehicles show, Bohr said “It is clear we have returned to the path of growth, and that growth also means a clearly positive result.”
It is expected that total revenue for the parent company will increase by 20 percent, to about 46 billion euros (about $60.15 billion at the current exchange rate).
“In general, our business figures are approaching their levels from 2007,
the previous peak year, more quickly than expected,” Bohr said.
the previous peak year, more quickly than expected,” Bohr said.
Bosch Automotive will generate 5,000 new jobs this year, for a total of 165,000, he said.
In Asia, where Bosch is experiencing strong growth, 1,000 new r&d employees would have been recruited by year end, Bohr said.
Bosch ranks No. 2 on the Automotive News list of the top 100 global original-equipment parts suppliers, second to Toyota affiliate Denso Corp. Bosch generated estimated sales to automakers of $25.62 billion in 2009.
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