Automotive and Transportation Automotive and Transportation
Tue, February 4, 2025
[ Yesterday Afternoon ] - Yahoo
Azerbaijani plane that crashed in December was hi .. Russian Pantsir-S missile, government source says
[ Yesterday Morning ] - CNBC
Best Auto Loans and Financing of February 2025
[ Yesterday Morning ] - Reuters
Trump tariffs will only add to the pain for hard-hit Nissan
[ Yesterday Morning ] - Forbes
Precision Timing's Role In Advancing Transportation Technology
[ Yesterday Morning ] - Forbes
"Made In America" Is Easier Said Than Done
Mon, February 3, 2025
[ Last Monday ] - MSN
Auto & Transportation Roundup: Market Talk
[ Last Monday ] - WBTW
'We're not criminals': Protesters gather in downtown Myrtle Beach
[ Last Monday ] - Hoodline
Michigan Revives Classic License Plates, Fueling Nostalgia and Road Funds
[ Last Monday ] - autobodynews
Trump's Flurry of Executive Orders Draws Mixed Opinions from Aftermarket Industry
[ Last Monday ] - Forbes
Current Climate: Does Cutting Clean Car Rules Help Consumers?
[ Last Monday ] - MarketWatch
Here are the automakers hit hardest by the tariffs on Mexico and Canada
Sun, February 2, 2025
[ Last Sunday ] - Forbes
Electric Vehicle Sales Could Help Global Transport Emissions Peak 25 Years Faster Than Expected
[ Last Sunday ] - MSN
Trump's tariffs on Mexico, Canada and China could .. prices of cars, electronics, fuel, food and more
[ Last Sunday ] - Forbes
Electric Vehicle Sales Peak Global Transport Emissions 25 Years Faster Than Expected
[ Last Sunday ] - familydestinationsguide
This Massive Car Museum In Los Angeles Hides A Secret Collection Of Over 200 Rare Automobiles
Sat, February 1, 2025
[ Last Saturday ] - WVNS
Recovery crews return to the Potomac debris after the deadly plane and helicopter crash
[ Last Saturday ] - CP24
Live updates: Trudeau to announce Canada's response to Trump's tariffs
[ Last Saturday ] - Yahoo
Lane closures to impact State Road 63 near West Lebanon
[ Last Saturday ] - Mint
Economic Survey: Local tech, components for EV manufacturing
Fri, January 31, 2025
[ Last Friday ] - MSN
2025 Nissan Altima Review: Solid Sedan Does Enough But No More
[ Last Friday ] - aseanbriefing
Cambodia's 2025 Economic Outlook and Investment Opportunities for Foreign Investors
[ Last Friday ] - MSN
Survey Labels Automotive Sector As 'Most Disrupted' Industry In The World
[ Last Friday ] - MSN
GEICO donates lab vehicles to TSTC programs
[ Last Friday ] - MSN
Trump's DOT head gave a political gut punch to the auto industry
[ Last Friday ] - Reuters
Denso eyes price negotiations, not panic, against Trump's tariffs
[ Last Friday ] - Reuters
Bosch sees 2024 operating profit plummet by a third
[ Last Friday ] - Newsday
Long Island News | Nassau & Suffolk
[ Last Friday ] - thecooldown
Government task force tackles major headache for electric vehicle owners: 'Took way too long'
[ Last Friday ] - Reuters
EU kicks off auto support plan as carmakers blast fines
Thu, January 30, 2025
[ Last Thursday ] - CSOonline
American CISOs should prepare now for the coming connected-vehicle tech bans

Bosch sees 2024 operating profit plummet by a third


Published on 2025-01-31 06:21:31 - Reuters
  Print publication without navigation

  • German automotive supplier Robert Bosch (ROBG.UL) said on Friday that its operating profit plummeted by a third to 3.2 billion euros ($3.32 billion) in 2024, a reflection of a wider crisis in the automotive and mechanical engineering industries.

Bosch, a leading German automotive supplier, has forecasted a significant decline in its 2024 operating profit, expecting it to plummet by a third due to a combination of factors including a weak global economy, high inflation, and increased costs for materials and energy. The company, which is heavily involved in the automotive industry, also cited challenges from currency effects and the need for substantial investments in future technologies like electric vehicles and hydrogen technology. Despite these setbacks, Bosch remains committed to its strategic goals, aiming to achieve a 7% margin on adjusted earnings before interest and taxes (EBIT) by 2026, although it anticipates a dip in this margin to 3% in 2024. The company's outlook reflects broader industry trends where traditional automotive suppliers are navigating the shift towards electrification and digitalization amidst economic headwinds.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/bosch-sees-2024-operating-profit-plummet-by-third-2025-01-31/ ]
Contributing Sources