Affected by the downturn in the auto market, Bosch and other parts manufacturers have been impacted,

A few days ago, the German parts giant Bosch expressed a pessimistic view on the future of the auto market, believing that the auto market will fall into "stagnation" in the next three years. Bosch CEO Volkmar Denner said in an interview with the Süddeutsche Zeitung that the group could not maintain an operating margin of 7% in 2018, the network news agency has learned.

Bosch CFO Stephen previously said in an interview with Germany that global car production will fall by 5% this year, and it is unlikely to change in the next three years. The company expects sales to stagnate this year, blaming the deteriorating outlook for the global automotive market.

As the company expects car production in the coming years to look very different from what it has done in the past, which has typically risen and may even come to a standstill this year, Mr. Denner said the company would have to lay off workers to keep the business afloat.

The Bosch Group is ranked No. 1 among the world's top 100 automotive companies by Eurocar News, but the Bosch Group has also had to face layoffs to keep the company running. Compared with Bosch, which ranks first, other parts companies have a harder time. Weakness in the automotive industry has led Bosch's rivals ZF Group and Continental to issue profit warnings.

Earlier this year, Schaeffler, a German bearing maker, announced plans to lay off 900 jobs due to a slowdown in its automotive division since the second half of last year and the impact of electrification, which generally does not use bearings for electric vehicles. In the first quarter of this year, the revenue of Continental Group, a German parts supplier, decreased quarter-on-quarter, and its net income was quarter-on-quarter. The company said that the decline in revenue was due to the continuous decline in vehicle production in China and the European and American markets.

The strength of the Bosch Group compared to other component companies lies precisely in the progress it has made in supplying components for electric vehicles.

This matter will definitely give us scientific enlightenment in the future.

said the company would have to lay off employees to keep the business running.

Parts giant Bosch expressed a pessimistic view on the future of the auto market

I think it still has a bright future.

In the future, there will be scientific inspiration for us.

The economic situation is not good, and any industry will be severely affected. Get ready for the winter! The opportunities of the future belong to companies with abundant cash flow.

Global vehicle production is set to fall by 5% and is unlikely to change in the next three years.

When China's economic development is normal, he will follow it normally, don't you think that our country's economic development is abnormal? Especially the people at the bottom are very abnormal. Is all the industry withering?

said the company would have to make layoffs.

I think the future development is still very good.

I'm sure the technology of the future will tell us the answer.

<> from the current development of automobiles, although you like those tall brands, such as Mercedes-Benz, BMW, Porsche, Lamborghini, when you are willing to pay for the high cost of these cars, in fact, they just give you the value of a brand. For the most core products, they are provided by component manufacturers. Now the world's largest auto parts supplier, Bosch (Bosch) together with Benteler (Benteler) and Pininfarina (Pininfarina) to jointly develop an electric vehicle platform, Bosch will break the parts "curse", the first vehicle platform to build, the future maybe you can drive a car built by Bosch, hanging the Bosch logo.

In March 2020, Pininfarina, an Italian car design and body manufacturing company, joined the cooperation between Bosch and Benteler, and the release of this news may be a disruptive impact on the automotive industry, and the giant of the parts industry now wants to become a manufacturer of cars. Maybe one day in the future, Mercedes-Benz or BMW can not become your first choice, after all, as the first parts supplier, they are the holders of core competitiveness.

This news may not have exploded in today's automobile market. But in fact, behind this news, there is a huge market of hundreds of millions. Bosch, Benteler and Pininfarina three auto parts companies together can complete the design and manufacture of the whole vehicle, from the current market situation, new energy electric vehicles should become a market segment for them to enter, and want to enter the electric vehicle market can also be entrusted to these three companies.

Bosch and Benteler are not new to this collaboration, but have been in deep communication before, and recently joined forces to launch a mobile chassis specifically designed for electric vehicles. The latter provides crash solutions and chassis as well as battery systems, while Bosch has absolute control over the drive levers, brakes, steering and electrical electronics. Now, with another Pininfarina joining, under the opportunity of joining forces, it is possible to have a more complete match for the design and integration of the vehicle, so the future vehicle embodiment is not false.

Bosch is building its own platform, just like the Volkswagen Group's MEB platform for electric vehicles, and from the perspective of the future survival of automobiles, if the auto parts manufacturers want to continue to develop in the long run, then there must be such a platform. Perhaps in the market of fuel vehicles, Bosch will not come out to seize the share of traditional cars, which is why we can't see TA car brands at present. However, Bosch's leading position in the electric vehicle market wants to gain a larger share of the electric vehicle market than the Bicha shirt fuel vehicle market.

Of course, Bosch has made it clear that it will not enter the battery manufacturing industry, which is an important part of the value chain for electric vehicles.

Nonsense: The development of automobiles must not only be a means of travel, unmanned driving, electric replacement of tradition, are being realized step by step, so Bosch's cooperation is of epoch-making significance, and the current OEMs may become a direct competition.

Hello landlord:

China accounts for about 9 percent of Bosch's global automotive business, and is currently the world's third largest market for Bosch's overall business after Germany and the United States.

This year, Bosch China will have the largest number of employees outside of Germany.