Parts supplier Robert Bosch GmbH will cut 5,500 jobs globally, mainly in Germany, marking the latest blow to the country’s embattled automotive sector.
The OEM market is probably much larger than the spare parts market, especially with regards the car owners interested enough to be picking their own parts. The entire German car manufacturing industry is having really a hard time right now, between rising energy costs, failing EV projects, and increasingly strong competition from abroad.
The OEM market is probably much larger than the spare parts market, especially with regards the car owners interested enough to be picking their own parts. The entire German car manufacturing industry is having really a hard time right now, between rising energy costs, failing EV projects, and increasingly strong competition from abroad.