Automakers

How Bosch maintains record pace despite multiple global challenges

Bosch CEO Volkmar Denner’s goal is that the supplier “will always grow faster than the automakers.”
June 10, 2019 08:22 AM

Some of the biggest European auto suppliers have seen their profits slump over the past year, but Robert Bosch -- the largest of them all -- has been a notable exception. The German supplier's Mobility Solutions division, which is dominated by automotive activities and accounted for more than 60 percent of the company's revenue last year, increased sales 0.4 percent to 47.6 billion euros. The division's profit margin of 7.1 percent was down slightly on the 7.3 percent from 2017 but earnings rose to 3.53 billion euros last year from 3.35 billion euros in 2017.

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