Bosch sale boosts Chinese auto industry

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bosch bsgThe Chinese auto industry took another step forward as Zhengzhou Coal Mining Machinery Group (ZMJ) purchased Bosch’s starter and motor generator division — a group which is bound to rise in importance as belt-starter-generator “mild-hybrid” systems become more popular.

Chinese groups have already purchased other suppliers as well as Volvo’s and Saab’s complete automobile businesses; with a large injection of cash and an extra plant in China, Volvo has been making a global comeback.

China has been thriving financially, as Western companies in every industry have moved production, service, and engineering to the nominally communist country’s designated capitalist areas. Even though wages in the country have gone up, a massive effort to build infrastructure and higher education have brought about other competitive advantages, including a wealth of production and development engineers.

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