Recently, at the press conference held in Frankfurt, Germany, Bosch Group Chairman Franz Ferenbach expressed to the international media present: “The economic downturn in the first half of the year does not mean that the new round of economic recession will be There is no need to rush to overreact to this. Bosch expects global car production to continue to grow by 5% this year.†Fehrenbach believes that current economic fluctuations require companies to pay close attention to this. He said that although in some areas including Asia and South America, the rapid growth of the emerging automobile market has also slowed slightly in the near future, but its trend of catching up with the developed countries has not changed. Affected by economic fluctuations, Bosch Group's business growth in the second half of the year is expected to slow down slightly, but the overall business including automotive technology, industrial technology and consumer goods and building intelligent technology will still achieve a 10% growth. Fehrenbach revealed: "We believe Bosch Group's sales will exceed 50 billion euros for the first time in 2011." Among them, the sales of automotive technology business will exceed 30 billion euros. With the development of business, Bosch's demand for talent has also been further expanded. It is expected that Bosch Group will add 15,000 new employees this year, and the total number of employees will exceed 300,000 at the end of the year; of which, the automotive technology business will add about 10,000 employees, bringing the total employment of the automotive technology business to approximately 177,000. At the same time, Bosch will continue to devote its efforts to the research and development of future technologies. In 2011, Bosch's R&D investment in automotive technology alone accounted for more than 10% of sales, reaching as much as 3.3 billion Euros. Fehrenbach said: "This upfront investment will help Bosch better respond to and support the transformation of the automotive industry."
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