Bosch grew its North American automotive sales by around 5% in 2005, to $5.5bn (EUR4.4bn).
The automotive technology division is the company’s largest business sector, with more than 14,000 workers in North America. Worldwide sales in the sector were $32.7bn (EUR26.3bn) in 2005.
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Bosch has been expanding in its industrial technology and consumer goods and Building technology sectors too, giving total north American sales of $8.4bn, up 8% on a year earlier.
Peter Marks, chairman, president and CEO of Robert Bosch Corporation, attributed the company’s success in North America to its focus on R&D, and the fact that it invested 7% of its revenue into R&D in 2005.
In a statement Bosch said it would continue to pursue expansion globally, and has identified the Americas (North and South America) as one of two key regions for growth. In North America, Bosch has more than 80 plants and sales and distribution centres. The Americas region contributes 19% of Bosch’s global sales, and this contribution is expected to increase further.
“Due to the economic, production and product opportunities the region offers, the US is a vital market in the Americas region where we plan aggressive growth,” said Marks. Bosch said it will actively manage its portfolio through product innovation and strategic acquisitions. In particular Bosch sees opportunities for growth in the US, especially for its clean diesel and petrol direct injection technology, electronic stability control, driver assistance systems and aftermarket products.
