bsBERLIN/STUTTGART : German automotive supplier Bosch considers recovery in China as key to success this year, it said on Friday, steering clear of concrete forecasts despite reporting a more than 15 per cent jump in full-year operating profit.'We are observing whether demand will return. It was hugely da
bsBERLIN/STUTTGART : German automotive supplier Bosch considers recovery in China as key to success this year, it said on Friday, steering clear of concrete forecasts despite reporting a more than 15 per cent jump in full-year operating profit.
Sales at its Mobility Solution division rose faster than automotive production, the company said, increasing by 12 per cent to 52.6 billion euros. Demand in 2022 remained weaker than before the pandemic, but Bosch sales benefited from strong demand for climate-friendly technology from carmakers and those seeking alternative fuel sources to Russian gas, the private company said.
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