6 Reasons Why the Number One Auto Parts Supplier – The Bosch Group – Will Double its Investment in China
There are reasons why the number one auto part supplier in the world is doubling its investment in China.
The Bosch Group will build two plants in Changsha and Suzhou and expand two more plants.
6 Reasons:
1. China is the future number one auto market in the world…say 10 years or so.
2. Bosch is making money in China, but can make more. In 2005 auto parts producers profitted $250 million.
3. Chinese cars break down more often – autro parts industry will be $100 billion by 2010.
4. Delphi, Magna and other parts giants are doing the same.
5. The auto parts industry makes up 38% of China’s auto industry.
6. Foreign automakers are now buying more auto parts ‘made in China’ than ever – $8.53 billion worth in 2005.
So, why wouldn’t the Bosch Group put more money into China?
What do you think?
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good to read about China’s auto industry.
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