"Our targets for 2024 are very ambitious – we aren’t expecting any economic tailwind, and we must continue to reduce costs to stay competitive," said Markus Forschner, Bosch board member and chief financial officer. #BoschAPC

📰 Bosch is banking on innovations, partnerships, and acquisitions – cost reduction remains in focus. #BoschAPC.

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Bosch and @Microsoft are exploring opportunities to collaborate and leverage the power of #generativeAI. Stefan Hartung is talking about new business models at #BCW24

"#AI will change our society," says Stefan Hartung at Bosch Connected World in #Berlin. #BCW24 #generativeAI

📰 “#GenerativeAI is a boost to #innovation. It can transform #industry in much the same way as the invention of the computer,” says @RueckertTanja, member of the @BoschGlobal board of management at #BCW24 in Berlin.

For safer roads: Bosch teams up with @Microsoft to explore new frontiers with #generativeAI. “Bosch is working on bringing a new dimension of #AI applications into the vehicle,” said Stefan Hartung at #BCW24 in #Berlin 👉

We are in #Berlin! The final preparations for #BCW24 are in full swing! 🤩 We have many interesting topics in store and are looking forward to the upcoming days! #digitalization #innovation #software #IoT #AIoT #GenerativeAI #AI

Bosch wants to reskill as many associates as possible to move them from shrinking areas to growing ones. 🤓 By 2030, the company plans to spend around 4 billion euros in total on training and reskilling. 🙌 .See press release 👉

#Outlook for 2024: Bosch expects only moderate global GDP #growth of 2 to 2.5%. The outlook in all Bosch’s key sectors is gloomy, CFO Markus Forschner says. A slight upturn will not be seen before 2025. Press release 👉

📆As of December 31, 2023, @BoschGroup employed some 427,600 people worldwide. According to preliminary figures, this is around 7,600 or some 2% more than in the previous year. In Germany, the number of associates remained virtually unchanged at 133,800. 👉

Regional business developments in 2023: Bosch had its strongest growth in #Europe (+6%) and #NorthAmerica (+4%). #SouthAmerica was burdened by weak BRL, #AsiaPacific impacted by #China’s development. See press release here 👉

In the 2023 business year, Bosch was able to further expand its growth areas, but also saw a delay in the market penetration of technologies and a slowdown in market momentum. See press release here 👉

Bosch sales presented a mixed picture in 2023: At €56.3bn, #BoschMobility remained the business sector with the strongest sales. 📈 But as Bosch CFO Forschner said: “Marked consumer restraint had a significant impact on our business.”

Business figures for 2023: In the current economic situation, Bosch has to push back the timeline for achieving its 7% target margin by 1-2 years. It needs to make considerable upfront investments in a lukewarm economic environment.

📰 Bosch increases sales and result in 2023 despite headwind. #Sales come to €91.6bn & #EBIT margin from operations is 5%. “For Bosch, 2023 was tougher than expected. We made progress despite strong headwinds,” says Bosch chairman Stefan Hartung.

How did the 2023 business year go for @BoschGlobal? What #opportunities and #challenges does the technology company see? Information on this & the preliminary business figures here on February 7 from 11:00 CET! .👉

One trend at #CES were advances in home energy management and efficiency, driving the adoption of smart home solutions. @Forbes highlightsour new IDS Ultra #heatpump and the MySchedule feature for dishwashers.

RT @boschusa: Even during a harsh winter, the @BoschHC_US IDS Ultra #heatpump provides heat. We participated in the U.S. Dept. of @Energy R….

The #Bosch IDS Ultra Heat Pump, was developed for North America and it‘s operational down to temperatures of 5 degrees Fahrenheit - an attractive option for people in colder climates looking to switch from fossil fuel-based heating systems. #BoschCES

In addition to electrification, #Bosch sees #hydrogen as a key to meeting global energy demand in a resource-efficient way. One focus is currently on the mobile fuel cell, which recently went into volume production in Stuttgart. #BoschCES