|Bid||14,161.55 x 0|
|Ask||14,190.75 x 0|
|Day's range||14,100.00 - 14,383.30|
|52-week range||12,698.80 - 20,436.00|
|Beta (3Y monthly)||0.73|
|PE ratio (TTM)||29.44|
|Forward dividend & yield||105.00 (0.74%)|
|1y target est||20,275.00|
India-listed manufacturer Bosch Ltd said on Tuesday it had begun restructuring parts of its business in light of a deepening slowdown in the country's automotive industry, as the German car parts supplier posted a drop in June-quarter profit. Bosch, the latest firm to flag weak conditions in the Indian auto market, said its automotive sales dived 17.5% in the June quarter. The outlook for the auto industry was "extremely" challenging, Managing Director Soumitra Bhattacharya said in a statement.
Automotive supplier Bosch has agreed to pay a 90 million euros ($100.21 million) fine for lapses in supervisory duties which enabled carmakers to engage in emissions cheating, German prosecutors in the city of Stuttgart said on Friday. The auto industry's diesel emissions cheating scandal, where carmakers used engine management control software to throttle back real-world pollution levels during tests, was made possible with the help of Bosch technology, prosecutors said. Privately-held Bosch, the world's biggest automotive supplier, delivered around 17 million technical devices equipped with engine management software, prosecutors said in a statement.
German auto supplier Bosch on Monday said it had reached a licensing agreement with Powercell Sweden AB to jointly mass produce hydrogen fuel cells for electrifying heavy-duty commercial vehicles. European Union rules call for trucks to cut carbon dioxide (CO2) emissions by 15 percent by 2025, and 30 percent by 2030 which will force the industry to adopt hybrid and electric powertrains. Hydrogen fuel cells take less time to refuel than electric car batteries, making them more suitable for use in vehicles that need to stay on the road for prolonged periods of time.
German auto supplier Robert Bosch [ROBG.UL] said on Thursday it had bought out partner Daimler's stake in EM-Motive GmbH, a joint venture set up to make motors for electric and hybrid cars. The factory in Hildesheim, Germany will be expanded to meet growing demand for electric and hybrid vehicles as regulators crack down on emissions from combustion-engined vehicles. Bosch anticipates that about 20 percent of all cars will be either hybrid or electric vehicles by 2020.
German auto supplier Robert Bosch GmbH [ROBG.UL] will pay around $131 million (£103 million) to settle claims from Fiat Chrysler Automobiles NV U.S. diesel owners and resolve all investigations by 47 U.S. state attorneys general into its involvement with diesel vehicles. Bosch and its U.S. unit must pay $98.7 million to 47 states, the District of Columbia and Puerto Rico and Guam, and $27.5 million to 104,000 Fiat Chrysler diesel owners. Bosch is also making a $5 million payment to a state attorneys general group.
A credit card-sized projector that can turn any surface into a touchscreen could be a feature of wardrobes of the future, giving users advice on what to wear that day.
“Like a Bosch” is the tagline of a new global image campaign the supplier of technology and services launched at CES, the world’s largest consumer electronics fair in Las Vegas, on January 7, 2019. The campaign aims to get the message across that Bosch is the leading provider of connected products and solutions. The main plank of the campaign is a hip-hop video clip featuring a protagonist who is a savvy IoT user.
The PWO Group has received the "Crazy for SuCCess - Supplier Award" from its customer Bosch. Only six of the 1,000 suppliers to the Chassis Systems Control division were awarded this exclusive prize, and PWO was the only German company to receive this award. The award honors PWO's achievements in the production of a gearbox housing for the iBooster, which is a vacuum-independent electromechanical brake booster from Bosch.
Robert Bosch [ROBG.UL], the world's largest car parts maker, discussed the merits of a potential stock market floatation with investment bankers as part of a broader funding review, but has chosen to remain unlisted, people close to the matter said. Bosch managers invited several bankers to discuss capital market funding needs as the automotive supplier overhauls its business to keep pace with the car industry's shift away from combustion engines towards an electric and autonomous future. Bosch remains heavily exposed to diesel and combustion engines and shifting production towards electric motors and other components requires billions of euros in investments over a number of years, the sources said.
German auto supplier Bosch expects global car production in 2019 to languish at this year's level, the head of its core auto parts unit said on Thursday, citing a cool-down in China and lower demand for ...
Airbus on Wednesday named new financial and operations chiefs as part of a complete leadership overhaul as it emerges from months of internal strife caused by legal problems and delays in meeting record output goals. The European planemaker appointed Dominik Asam, finance director of German chipmaker Infineon Technologies (IOB: 0KED.IL - news) , as its next chief financial officer to replace fellow German Harald Wilhelm. Airbus is in the midst of a two-year management overhaul driven by a combination of high-level retirements and concerns over the impact of ongoing bribery investigations, which have overshadowed years of succession planning and damaged sales.
London's transport regulator, TfL has announced a partnership with Bosch for its forthcoming co-working space in Shoreditch. The aim of the collaborative project is to share data and expertise, including by tapping into London's startup ecosystem, to land on new ideas for tackling urban mobility issues -- from traffic jams to awful air quality. Transport issues are especially pressing for the city as London's population is forecast to reach a staggering 10.8 million by 2041 -- which would mean around six million additional trips being generated per day.