The German "Business News" reported on November 26 that with the transition of the automotive industry to electric vehicles, the production of traditional fuel vehicles will be seriously affected. Stefan Hartung, head of the Bosch Automotive Division, analyzes that the automotive industry will not increase production by 2025.
Stefan Hartung, the head of the Bosch Automotive Division, believes that “the output of automobiles will fall by 6.5% in 2019”, and the output of automobiles will not improve in the short term, and “the output of automobiles will not increase by 2025. Affected by this, Bosch's automotive business this year's turnover and profit will be lower than last year.
According to Stefan Hartung, auto suppliers, including Bosch, are all affected by the transformation of the auto industry and are currently facing the problem of overproduction and must reduce their production accordingly.