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Comprehensive foreign reports, German auto parts supplier Bosch (RobertBoschGmbH) January 27 announced that throughout 2009, Bosch Group 's global sales of 38 billion euros (about 53.4 billion US dollars), down 16%. Among them, Bosch Automotive sales of 21.7 billion euros (about 30.4 billion US dollars), down 18% year-on-year. For the whole year of 2009, Bosch expects the company's pre-tax losses to be between 11.4 billion and 15.2 billion euros.
In the statement, Bosch CEO Franz Fehrenbach stated that in 2009, due to the financial crisis, global automotive demand fell, and Bosch suffered its first loss since its establishment in 1945, but Bosch will strive to achieve balance in 2010.
Franz Fehrenbach expects that global vehicle production will increase by 10% to 15% in 2010. Therefore, in 2010 Bosch Automotive sales will increase by 10%. At the same time, Bosch will restore its previous profit margin of 7% to 8% in 2012 or 2013, which is the level before the financial crisis.