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Bush plans auto parts division spin-off
The German "Robert Bosch" Group intends to spin off the automotive spare parts division and transform it into an independent entity owned by the group, aiming to reduce costs and increase flexibility in the face of growing Chinese competition, while maintaining full dependence on the parent company. The plan includes transferring the operations of the "Bosch Mobility" unit to an independent limited liability company without offering it on financial markets or merging it with external companies. It also involves expanding to include the independence of "Bosch Digital" activities, as well as service sectors and real estate, to strengthen research and development alongside the overall strategy. These steps come amidst pressures on the traditional automotive sector, especially with the expansion of Chinese companies and Europeans cutting back their investments.
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