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Automotive Industry
Industry: Email Alert RSS FeedEven Bosch feels the pain of downturn.
Automotive News Europe, March, 2002 by Chew, Edmund
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The global auto industry slowdown is hurting Europe's largest supplier.
Robert Bosch's automotive equipment sales will be flat in 2002, after just 3 percent growth in 2001, said Wolfgang Chur, head of Bosch's automotive division.
Chur said growth in engine control, chassis and navigation systems will be offset by declining volumes in other areas. Price pressure from OEMs continues, he added.
Sales are also falling for commodity products such as generators and starters, he said.
"We are best at innovation," said Chur. "Selling commodities does not offer ...
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