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Bosch warns of rising cost pressure in 2026, delays margin target
Yahoo Finance· 2026-01-30 18:08
FRANKFURT, Jan 30 (Reuters) - Bosch, the world's largest car parts supplier, on Friday warned of another tough year in 2026 and postponed a 7% margin target as it expects no let-up in cost and competitive pressure in a sector hit by tariffs worldwide. Bosch last year announced a further 13,000 job cuts, or around 3% of its total workforce, to protect margins and ensure it remains competitive in light of import tariffs and price declines that have hurt its business. CEO Stefan Hartung told Reuters ...