Bosch Expects Stable Growth 2012 For Global Auto Industry
December 01 2011 - 3:19AM
Dow Jones News
Robert Bosch GmbH, the world's largest auto parts supplier, said
Thursday it expects global automotive production to grow by between
3% and 5% year-on-year in 2012 after around 4% this year, driven by
emerging markets, and reiterated its revenue guidance for 2011.
"We remain confident that Bosch Group sales will top EUR50
billion for the first time in 2011, up from EUR47.3 billion in
2010," the chairman of Bosch's automotive unit, Bernd Bohr, said in
a speech at the Tokyo Motor Show.
MAIN FACTS:
- Bosch's automotive unit is expected to account for over EUR30
billion in revenue this year after EUR28.1 billion in 2010.
- Bohr said Bosch will "continue to invest considerable sums in
our future" after spending around EUR3.3 billion in research and
development this year.
- Bosch invests EUR400 million annually in electric mobility
- By 2013, Bosch aims to supply 21 projects for 13 global
automakers. Bosch already supplies hybrid technology to Porsche
Automobil Holding SE (PAH3.XE), Volkswagen AG (VOW.XE) and Peugeot
SA (UG.FR) vehicles.
- "We don't expect a major shift toward purely electric driving
until the middle of the next decade. However, transitional
solutions will likely be accepted before then," Bohr said.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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