Farmington Hills, Mich. – In the 2021 business year, Bosch achieved sales growth in North America despite continued global economic challenges. The provider of technology and services achieved sales of $13.5 billion (11.4 billion euros) for the North American region, registering steady growth of 5 percent over 2020.
“While we face headwinds related to the COVID-19 pandemic, supply chain disruption, raw materials cost increases and more, our team in North America continues to rise to meet those challenges and support growth and recovery of the business here in the region,” said Mike Mansuetti, president of Bosch in North America.
In 2022, Bosch will invest $664 million (561 million euros) in capital expenditures across its broad portfolio in North America. This includes $420 million (355 million euros) specifically for Mobility Solutions. At the core of the company’s investments in the region are a continued its focus on climate-neutral technology and the hydrogen economy.
‘“We are all in for the hydrogen economy,” Mansuetti said. “Our hydrogen portfolio is expansive across multiple domains in a way no other company can match. This cross-domain knowledge will enable Bosch to lead when it comes to driving hydrogen as a climate-neutral solution. And we are committed to local production of hydrogen solutions in the North American region in the coming years.”