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Robert Bosch GmbH

From Academic Kids

The Robert Bosch GmbH is a company which was started in 1886 by Robert Bosch. Bosch businesses include:

  • Supplier for the automotive industry
  • Manufacture of consumer goods (electric-tools, household devices)
  • Industry and building services engineering
  • Packaging technology
  • Safety engineering

In the years 2003 and 2004 the Robert Bosch GmbH could raise their turnover. As a result of this, Bosch is now the biggest first tier supplier to the automotive industry in the world. In Germany Bosch has facilities at 57 locations with 111,000 employees and worldwide, at 236 locations with 243,000 emplyees (as of 2005). The world-wide sales was about €40 billion in 2004 worldwide 40 (2003: €36.4 billion). These are roughly $51.2 Billion $46.59 Billion respectively. The headquarters of Bosch is in Stuttgart. Franz Fehrenbach became chairman on 2003-07-01.

Contents

Ownership

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Diagram_Verfassung_Bosch.png
Verfassung der Robert Bosch GmbH

The Robert Bosch Stiftung ("Robert Bosch Foundation") holds 92% of the shares of "Robert Bosch GmbH", but no voting rights. The Robert Bosch Industrietreuhand KG ("Robert Bosch Industrail Trust KG") (old members of the company management, agents of the Bosch Family and other eminent people from the industry such as Hans Peter Stihl (Stihl powertools)) has 93% of the voting rights, but no shares. The remaining shares and voting-rights are held by the descendants of the company founder Robert Bosch. In 2002 the German "Manager-Magazin" valued the capital of the Bosch-Family at €3.1 Billion (about $3.968 Billion). With this, the Bosch-Family is the 15th richest German family.

Arrangement of the company

Automotive engineering

The biggest division of Bosch is the automotive systems division which generates about 65% of the revenue (2003). This division comprises : 'Gasoline Systems and Diesel Systems with the core-products injection and motor management, Chassis Systems (ex. anti-lock brakes , ESP), Energy and Auxillary Systems (ex. alternators, starters), Car Multimedia (Brand: Blaupunkt), Car Electronics (control units and semiconductor elements) and Automotive Exchange' (spare parts).

consumer goods and building services

With 23% of the turnover (2003) this is the second biggest division of Bosch. With electric tools (Bosch, Skil, Dremel), Thermal devices (Junkers, Buderus), Bosch-Security Systems und Broadband networks. Furthermore it holds shares of the consumer-goods manufacturer BSH Bosch und Siemens Hausgeräte GmbH (BSH Bosch and Siemens consumer goods GmbH) with the brands Bosch, Siemens AG, Constructa, Neff, Gaggenau among others.

History

1886-11-15 Foundation of the Werkstätte für Feinmechanik und Elektrotechnik in Stuttgart
1887 First Low voltage-magneto from Bosch for Gasoline Engines
1906 Debut of the 8-Hours Day and the 2 shift operation.
1910 The company moved from Stuttgart to Stuttgart-Feuerbach
1913 Start of the production of headlights
1926 Manufacture of wipers.
1927 The first Diesel-Fuel-Injection-Pump
1932 Birth of the Junkers & Co.
1932 First drill from Bosch
1932 First Blaupunkt-car-audio
1936 First Diesel-Fuel-Injection-Pump for passenger cars
1942-03-12 Death of the founder Robert Bosch
1964 The Robert Bosch Stiftung (Robert Bosch Foundation) was founded.
1972 Worldwide first anti-lock brakes (ABS)
1973 First electrically controlled , Continuous Injection (L-JETRONIC)
1979 First electronic motor control unit (MOTRONIC)
1995 First Electronic_Stability_Program (ESP)
1997 Common Rail Diesel-Fuel-Injection
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