DETROIT -- While auto analysts wonder whether U.S. vehicle sales will top out at 17.7 million units a year, the world's biggest supplier, Robert Bosch, still considers the U.S. to be a growth market.
Mike Mansuetti, chief of Bosch's North American unit, says the company is sticking with its multiyear growth plan to double annual sales, including nonautomotive business, in the region to $20 billion by 2020, up from $10 billion in 2013.
Bosch topped Automotive News' list of the top 100 global suppliers, with worldwide original equipment automotive parts sales of $44.8 billion in 2015. About 20 percent of that volume -- or $8.96 billion -- came from North America.
The supplier was the third largest in North America original equipment sales in 2015, behind Magna International and Johnson Controls Inc.