Bosch Group undergoes largest restructuring in history

At the beginning of 2023, Bosch Group carried out the largest reorganization of its core business in history, strengthening the flexibility of its automotive business and its decision-making ability in China. Stefan Hartung, chairman of the Bosch Group Board of Directors, said that the newly reorganized smart transportation business aims to grow by an average of about 6% per year and achieve sales of more than 80 billion euros by 2029.