News Digest Item
22 Feb 2018

Automotive supplier Bosch enters carsharing market, competes with former customers


German company Bosch, one of the car industry’s largest suppliers, is entering the carsharing and ridesharing market, Martin Buchenau and Thomas Trösch write in the Handelsblatt. “Bosch launches an attack in this business area,” the authors say, adding that Bosch’s purchase of US ridesharing startup SPLT will allow the company to enter a fast-growing market that could cater to about 685 million users around the world by 2022. “The world’s largest car industry supplier positions itself against its former customers Daimler, Volkswagen, and BMW,” which themselves are active in the carsharing market, the authors write.

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