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...Bosch, the world’s largest automotive supplier, on Thursday said that up to 1,200 employees in its software and electronics division would be let go by the end of 2026, citing high inflation as well as increased...
...Bosch last week announced 1,200 job losses, while ZF Friedrichshafen, which is largely controlled by the south German town whose name it bears, said it was reviewing its operations and in a worst-case scenario...
...Taiwan Semiconductor Manufacturing Company plans to go ahead with a heavily subsidised €10bn plant in Dresden with automotive supplier Bosch and chipmakers Infineon and NXP, the four companies said on Tuesday...
...German automotive supplier ZF, which is building a chip factory in the western region of Saarland with US group Wolfspeed, said it was worried about the consequences for Germany as a place to do business...
...Extending full expensing was a key demand from several business groups ahead of the Autumn Statement, as well as companies including BT-owned Openreach, Siemens and Bosch....
...The Taiwan-based group has teamed up with automotive supplier Bosch and chipmakers Infineon and NXP to build the factory in the eastern city of Dresden, a statement from the four companies said on Tuesday...
...It sold its 50 per cent stake in its home appliances joint venture to Bosch in 2015 and the group still holds stakes in several of its former companies that were spun out to form standalone entities, such...
...The €1bn plant is the largest investment in the company’s history, and the vast majority of semiconductors made there will end up inside Bosch’s own automotive parts....
...The transition has inflicted pain on engine component makers such as Schaeffler, Continental and Bosch, which have together warned of more than tens of thousands of job cuts in recent years....
...IG Metall declared a truce in its months-long battle with companies in Germany’s sprawling automotive, metal and electrical sector, agreeing a pact that only partly covers the soaring cost of living for...
...On Saturday night, employees of more than a dozen companies across Germany, including steelmaker ThyssenKrupp and automotive suppliers Bosch and ZF, began a rolling programme of what the union called temporary...
...Since early in the pandemic, the automotive industry has been plagued by an undersupply of chips, which are used for vital vehicle control, sensing and safety features....
...As a result, it lists competitors ranging from specialist automotive suppliers such as Bosch and Continental to carmakers like Tesla and big tech groups such as Apple and Didi Chuxing....
...This includes a well-paid German workforce of more than 131,000, roughly half of whom work on automotive products....
...The artificial intelligence and cloud computing needed is expected to more than double the size of the automotive software market to more than $40bn in the next five years....
...Ploss, whose customers include tier 1 auto suppliers Bosch, Continental and ZF, said the car industry could not expect chipmakers such as Infineon to “take all the risk of holding the inventory”....
...The CBI, Make UK, Energy UK and 200 other business leaders from companies including BT Open Reach, Siemens and Bosch have said making this measure permanent would the “single most transformational” thing...
...Traditionally a leader in automotive parts, the company now also builds motors for over 100 bicycle brands. They even have their own e-bike test track....
...“Major customers of power semiconductors are likely to be global automotive suppliers — Denso, Bosch and Continental,” Wakabayashi said....
...“By 2030, the whole portfolio will be electric – no more combustion cars,” insists Peter Bosch, member of the board for manufacturing....
...Across the south and south-west, traditional suppliers to the automotive industry — Bosch, Continental, Mahle, ZF Friedrichshafen — have announced job cuts amid falling demand and an uncertain outlook....
...Mainstream international suppliers including Bosch and Aptiv have plants in the west of the country, along the border with Poland, which is a major automotive parts hub....
...“There is definitely a PR exercise at Mercedes and GM that we need to discount,” says Philippe Houchois, an automotive analyst at Jefferies....
...Malaysia’s Etika Automotive remains the minority shareholder in Lotus Cars....
...Neither US-listed GlobalFoundries, nor Bosch and Infineon, German companies with plants near Dresden, make such devices....
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