The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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elmatador

To: elmatador who wrote (4344)	1/28/2020 3:45:57 PM
From: Elroy Jetson	1 Recommendation of 13789

The VW diesel cheating scandal has resulted in a big reduction in demand for Bosch diesel components. About 50,000 of the 410,000 jobs at Bosch worldwide are dependent on the diesel industry, reported FAZ. In Germany, the figure is a full 15,000. This current decline in demand for diesel parts led to 600 job losses in 2019 with another 0.5% cut (roughly 2,000 jobs) expected by 2022. CEO Volkmar Denner, says Bosche projects 75 percent of all new cars and light commercial vehicles will still be powered by an internal-combustion engine in 2030. In view of this, Bosch is continuing to invest considerable sums in optimizing gasoline and diesel engines. The company is also using artificial intelligence to further develop internal-combustion engines. As an example, Bosch is using AI to predictively control exhaust-gas treatment according to patterns drawn from individuals’ driving behavior, as this can further reduce vehicles’ emissions. Some 3,500 associates in the company’s exhaust-gas treatment and exhaust sensors units generated sales of 2.3 billion euros in 2018. This figure is set to reach 3 billion euros by 2025.

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