Automotive supplier Bosch expects sales to stagnate this year, its chief executi...
FILE PHOTO: Volkmar Denner, Chairman of the Board of Management of BOSCH, looks on during a news conference before the official opening ceremony of the company's new center for research and advance engineering Campus Renningen in Renningen, Germany, October 14, 2015. REUTERS/Michaela Rehle
FRANKFURT - Automotive supplier Bosch expects sales to stagnate this year, its chief executive told a German newspaper, blaming the worsening outlook in the car industry that has also hurt the company’s rivals. In May, the group had forecast sales to rise slightly from the 78.5 billion euros generated in 2018. In an interview with Sueddeutsche Zeitung, Bosch Chief Executive Officer Volkmar Denner said that the group would also not be able to keep 2018’s margin level.“Our plans foresee a stagnation in vehicle production in the coming years, which is different from the past, when it was usually going up. The tailwind is gone,” Denner was quoted as saying, adding jobs would have to be cut.
“There will be consequences for our employees, above all in the diesel plants,” Denner said, without being more specific. He said the group would do everything to carry out staff reduction in a socially responsible manner.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hall of Fame welcomes Class of 2019 in emotional ceremonyThe Pro Football Hall of Fame welcomed eight new members on Saturday night in Ca...
Baca lebih lajut »
Mass shooting in El Paso is deadliest in 2019, among worst in modern U.S. historyThe massacre in El Paso is the deadliest shooting in the U.S. in 2019. The number of people killed makes it one of the 10 worst in recent American history.
Baca lebih lajut »
‘Fleabag,’ ‘Chernobyl’ & ‘Leaving Neverland’ Win Big At TCA Awards 2019Fleabag was among the winners announced tonight at the 2019 TCA Awards, with the Amazon comedy topping three categories, including program of the year. In the drama categories, AMC’s Better Call Sa…
Baca lebih lajut »
Mexican journalist killed in Veracruz, 10th murdered in 2019XALAPA, Mexico (AP) — A journalist in the Gulf Coast state of Veracruz has been shot dead just days before he was scheduled to testify before state authorities about threats of violence against...
Baca lebih lajut »
Rezz, Madeon & More to Headline Clubhouse Festival 2019 in MarylandTwo Friends, Rezz & more are set to perform at the Club House Festival 2019
Baca lebih lajut »
There have been at least 17 deadly mass shootings in the U.S. so far in 2019The two shootings, first in El Paso, Texas, and then in Dayton, Ohio, are the latest instances of deadly mass shootings in 2019, bringing the total number of such incidents up to at least 17 — an average of one every 12.7 days this year.
Baca lebih lajut »