Hyperdrive
‘Peak Car’ May Be Past, German CEO Says
Photographer: Yang Bo/Getty Images
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Robert Bosch GmbH expects global car-production to stagnate in coming years after the privately owned engineer firm’s 2019 results showed waning demand in major markets, including China, and the burden of higher investment in new technology.
The world’s largest car-parts maker is expanding its sprawling electronics and software operations to try to avoid another drop in earnings this year, Bosch said late Tuesday at a press briefing in Stuttgart.