Bosch Expects ‘Positive Developments’ In 2008

The Bosch Group says its sales revenue rose by six per cent in its 2007 financial and calendar year to 46.3 billion euros. The firm says it hit its sales and earning targets and expects 2008 will bring ‘generally positive developments’ for its business despite a less favourable economic environment. Bosch says it will plan to spend 2.9 billion euros to expand its Asian activities over the next two years. In Germany the growth of its Abstatt engineering centre will create up to 800 new jobs.