Bosch expects sales to exceed $67 billion in 2011

An executive from the Bosch Group recently stated at the Tokyo Motor Show that sales this year will exceed 50 billion euros (67 billion U.S. dollars). Bosch had sales of 47.3 billion euros ($63.4 billion) last year.

Bosch has invested a total of 3.3 billion euros in the research and development of automotive technology this year. Bosch anticipates sales of more than 30 billion euros (40.2 billion U.S. dollars) in the automotive business this year. Last year, the automotive business had sales of 28.1 billion euros (37.7 billion U.S. dollars).

Bosch expects the total number of its global employees to double to 300,000 this year, and the number of employees in the automotive business will increase by 10,000 to 177,000.

Up to now, Bosch's sales in Japan and the same sales as last year, Bosch expects its sales in Japan this year will reach 330 billion yen (4.2 billion US dollars), Bosch's number of employees in Japan remained at 8,000 People around.

Bosch plans to invest 1.8 billion euros (2.4 billion U.S. dollars) in Asia from 2011 to 2013, and Bosch believes that the Asian market will become one of the important markets to promote its sales growth.

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