Suppliers

Webasto chief remains 'optimistic' about tough 2020 goal despite sales dip

July 12, 2019 09:57 AM
Meet the boss

NAME: Holger Engelmann
Title: Webasto Chairman
Age: 54
MAIN CHALLENGE: Increasing sales to 5 billion euros by 2020 despite global economic uncertainty and large investments in e-mobility.

Webasto's 2018 global sales dipped 2.2 percent to 3.4 billion euros, ending an eight-year growth streak. The decline means the German supplier will need to increase sales by roughly 46 percent to reach its target of 5 billion euros by 2020. Webasto Chairman Holger Engelmann discussed this challenge and more with Automotive News Europe Managing Editor Douglas A. Bolduc.

Staying current is easy with newsletters delivered straight to your inbox.