As the world's largest automotive supplier, Bosch Group , the core sector of the automotive industry is in a sluggish state, not only has no progress in sales, but also the market is not ideal. One reason is that China, which is the key market for the Group's future development, has made little progress. Bosch has to bear the obvious losses caused by the commercial vehicle industry.
At present, the entire development situation is sluggish
Hannover News: The Bosch Group, the world's largest automotive supplier, expects the automotive industry in its core business to face a sustained downturn. Group President Bernd Bohr told the dpa news agency, which is located adjacent to the world-leading IAA Expo in Hannover, "Whether in a developing market or a mature market, overall, the overall development situation is very low." Bosch announced on Tuesday. In 2012, Bosch's sales in the field of automotive technology are expected to increase by nearly 4%. In 2011, the Group's growth rate was 8.2%.
One of the reasons for this situation is that China, which is the key market for the Group’s future development, has made little progress, and Bosch has to bear the obvious losses caused by the commercial vehicle industry. Bohr said that our development there has dropped by 6 percentage points. About 59% of the company’s current sales come from the automotive technology division. A quarter of Bosch's profit comes from the commercial vehicle business.
China's commercial vehicle market is twice the combined market in North America and Western Europe
In this context, Bohr emphasized the weight of Asian Empire China: “The commercial vehicle market in China is twice the combined market in North America and Western Europe. And four of our ten largest customers come from China.†Bosch (Bosch At present, there are two challenges that China needs to face: On the one hand, the sales volume of commercial vehicle shopping malls is declining, and Bosch is also seriously affected; on the other hand, the difficulty comes from the delay in the promulgation of new emission-related laws, which has resulted in The latest Bosch products do not have the expected market share. Bohr said: "The delay in the promulgation of delays in sales of several hundred million yuan." The law will be issued until about the middle of 2013.
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