Despite the economic downturn, Bosch plans on adding on to their electric vehicle and hybrid technology unit. The company plans on spending hundreds of millions annually on the new unit. (Courtesy of autonews)
Bosch already has 400 people working in the unit, with 100 added on last year.
Bosch is working with PSA/Peugeot-Citroen's development of diesel hybrids. The diesel-hybrid powertrain will be supplied by Bosch when they launch in 2011. Bosch is also working with Volkswagen on the parallel-hybrid system for the Volkswagen Touareg and Porsche Cayenne which are due out next year.
Bosch has had high expectations for hybrids, especially in North American and Japan. Apparently, that prediction, 4% in North America and 9% in Japan, is still strong.
Friday, March 13, 2009
Bosch Investing in Hybrid Unit
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