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IAA 2017: New conceptions for mobility – Bosch business benefits from transformation of mobility

Two billion euros in sales with automated driving

- Bosch mobility business to increase sales 7 percent in 2017

- Bosch CEO Denner: “Not just building better cars, but also rethinking mobility. Bosch is in good shape for present and future mobility.”

- Market penetration of electromobility continues to gain speed

 
 
 

Contacts


Communications Manager
Niina Haasola
Robert Bosch Oy
Communications
Äyritie 8 E
01510 Vantaa
Finland
Phone: 010 480 8225

 

2017-09-12 | Finland | Corporate News

In the transformation of mobility, Bosch is a driving force. With solutions for the road traffic of the future, Bosch is already growing twice as fast as the market. In 2017, the sales of the Mobility Solutions business sector are expected to increase by 7 percent to some 47 billion euros. Over the same period, global vehicle production will grow just 2.8 percent. “Our business with the automotive industry continues to grow, and will remain strong. This stands us in good stead for the mobility of the future,” says Dr. Volkmar Denner, chairman of the Bosch board of management. The business with driver assistance systems is growing especially strongly at present. These systems are the forerunners of automated driving. Market growth here is 25 percent, and at Bosch it is even higher. As early as 2019, the supplier of technology and services will generate sales of two billion euros with driver assistance systems. By the end of the year, the number of R&D associates in the company’s Mobility Solutions business sector is set to rise nearly 10 percent, to 48,000 people. Technically speaking, the path to accident-free, stress-free, and emissions-free mobility will come through automation, electrification, and connectivity. “It’s not just a case of making better cars. We need new conceptions of mobility,” the Bosch CEO adds.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 450 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs 62,500 associates in research and development.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Further information is available online at

www.bosch.com

www.iot.bosch.com

www.bosch-press.com

twitter.com/BoschPresse