FARMINGTON HILLS, Mich., March 16, 2012 /PRNewswire/ — Bosch has been named “most admired” motor vehicle parts supplier by the U.S. business magazine Fortune. Bosch was ranked No. 1 based on responses from 3,855 executives, directors and analysts at 698 companies from 58 industries and 32 countries. Bosch’s most valued attributes include innovation, people management, quality of management, quality of products/services and global competitiveness.
In addition to receiving the motor vehicle parts honor, Bosch also ranked fifth “most admired” among all companies in Germany and earned the No. 14 spot among companies in the European company category.
“Fortune’s ranking is a tremendous honor for our company, associates, customers and suppliers,” said Dr. Werner Struth, chairman, president, CEO of Robert Bosch LLC and member of the board of management, Robert Bosch GmbH. “Bosch remains committed to providing excellent service, high-quality products and leading industry advancements. This honor demonstrates our associates’ dedication to our industry and our work.”
Since 1997, Fortune’s “World’s Most Admired Companies” is one of the most renowned company reputation ranking lists. For more information, go to: http://money.cnn.com/magazines/fortune/most-admired/.
In the U.S., Canada and Mexico, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial drives and control technology, power tools, security and communication systems, packaging technology, thermotechnology, household appliances, solar energy, healthcare telemedicine and software innovations. Having established a regional presence in 1906, Bosch employs over 22,500 associates in more than 100 locations, with sales of $9.8 billion in fiscal year 2011, per preliminary figures. For more information, visit www.boschusa.com.
The Bosch Group is a leading global supplier of technology and services. According to preliminary figures, more than 300,000 associates generated sales of 51.4 billion euros ($71.5 billion) in the areas of automotive and industrial technology, consumer goods, and building technology in fiscal year 2011. The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in some 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent more than 4 billion euros ($5.5 billion) for research and development in 2011, and applied for over 4,100 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial. Further information is available online at www.bosch.com and www.bosch-press.com.