Bosch braces for massive job cuts, bets on fuel cell

August 06, 2019 //By Christoph Hammerschmidt
Bosch on future propulsion technology
The auto boom is over for the time being; suppliers are presenting bad figures in droves. Bosch, with more than 400,000 employees, is the world's largest automotive supplier. In an interview with daily paper Süddeutsche Zeitung, Bosch CEO Volkmar Denner explained which type of drive has the greatest future and what role AI plays for the company.

The current weakness of the global automotive market is by no means a short-term dent - for the next few years, the Bosch boss expects stagnation. "The development of diesel vehicles is hitting us particularly hard; the market share of diesel engines for passenger cars is declining sharply," Denner said in the interview. Bosch has a high market share in electrical and electronic equipment for diesel engines, both in passenger cars and trucks. But the recession is only affecting the passenger car sector, Denner said. Nevertheless, he expects significant job cuts. "It will have an impact on employees, especially in the diesel plants," said Denner.

Nevertheless, from Denner’s perspective, the diesel engine is not a phase-out model. This engine type will continue to be superior to the gasoline engine in terms of fuel consumption and thus climate balance, he said. And what about the diesel scandal? "We have solved the nitrogen oxide problem of the diesel engine."

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