Bosch Group CEO predicts greater challenges in 2024 and 2025

Bosch Group CEO recently publicly stated that 2024 will be more difficult than expected, and 2025 may be the same, and the company will not be able to avoid layoffs. Bosch is the world's largest supplier of automotive parts, with four major business segments: automotive and intelligent transportation, industry, consumer goods, energy and construction. However, the weak global economy and the slow start of electric vehicles in Europe have left Bosch facing problems of insufficient orders and sluggish performance.