Automating your car has become Bosch’s $8 billion business

Fortune

Demand for driver assistance and safety features as well as connected and electrified cars is boosting sales of Robert Bosch Group’s automotive-driven mobility business unit.

The Germany-based industrial conglomerate reported that its mobility business unit—which has a customer list that includes Google, Tesla Motors, and Porsche—saw sales in North America grow nearly 10% to $8 billion in 2014. The mobility unit is by far the company’s largest business sector in North America, accounting for more than 70% of the $11.3 billion in total consolidated sales in the region. The Bosch Group reported total global sales of $65 billion in 2014.

Automakers are under pressure to put an increasing amount of capital towards autonomous driving systems, connected features, electrification, car-sharing options, and even parking automation, according to a report released in June by Alix Partners. More than 20% of vehicles sold worldwide in 2015 will include embedded connectivity…

View original post 275 more words

Advertisements

Prinzo and Associates LLC is a tax firm located in Pittsburgh's South Hills. Since 1991 we have been helping clients with tax problems. We also help clients with retirement and other financial needs. If your business is in need of payroll, quickbooks or other financial assistance, we are here to help!

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Contact
724-942-3622
Monday - Friday 9a-5p

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 8 other followers

%d bloggers like this: