Business Services Industry
CHINA: BOSCH SPENDING 200 M EUROS DEVELOPING TECHNOLOGIES IN WUXI.
IPR Strategic Business Information Database, November, 2005
According to fdi.gov.cn: Franz Fehrenbach, Board Chairman of the world's largest auto part supplier Bosch Group revealed at a press conference in Shanghai on November 17 that his company will temporarily suspend the bid to purchase the US Delphi Group which has already filed for bankruptcy protection.
Rather, Bosch will concentrate more resources on China and the whole Asia-Pacific market. As a matter of fact, the main purpose of Fehrenbach's current visit to China was to attend a ceremony celebrating the founding of Bosch's R&D center in Wuxi.
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