Bosch warns will miss profits target-FT

Newswire

LONDON, Oct 28 (Reuters) - Robert Bosch GmbH[ROBG.UL], the world's second-largest auto parts supplier, has warned that it will fail to meet its long-standing profit target next year, underlining the fierce pricing pressures facing suppliers, the Financial Times reported on Monday. In an interview, Bosch Chairman Hermann Scholl told the FT pre-tax profits this year would be in line with 2001 levels at about 4 percent of sales. He said that reaching the 7 percent level the German group has ...

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