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Bosch, a supplier of technology and services, is making what it terms as “a strategic acquisition’ for its Energy and Building Technology business sector. The Bosch Group plans to take over the global HVAC business for residential and light commercial buildings from Johnson Controls (NYSE: JCI).
“As the biggest acquisition in Bosch history, this is an important milestone in the systematic implementation of our strategy for 2030,” said Stefan Hartung, chairman of the board of management of Robert Bosch GmbH. “We are dynamically pushing ahead with the strong development of Bosch, and will achieve a globally leading position in the promising HVAC market with this acquisition. In taking this step, moreover, we will strengthen our presence in the U.S. and Asia and achieve a better balance among our business sectors,” said Hartung. Continue reading
J.D. Power 2024 US APEAL Study Improves Slightly
Owner satisfaction with new-vehicle design and performance has rebounded after two years of unprecedented decline, according to the J.D. Power 2024 U.S. Automotive Performance, Execution and Layout (APEAL) StudySM released today. Overall satisfaction is 847 (1000-point scale), an increase of 2 points from a year ago. Satisfaction with non-Tesla battery electric vehicles (BEVs) is at an all-time high (877), surpassing Tesla at 87). (Read AutoInformed on 2023: APEAL Study of New Vehicle Owner Satisfaction Down Again)
“Traditional manufacturers have listened to the Voice of the Customer,” said Frank Hanley, senior director of auto benchmarking at J.D. Power. “They’re launching enhanced vehicles that are more in line with what customers want, including improved interior storage and higher quality materials, as well as ensuring features have ease of use. For BEVs, recent launches from traditional manufacturers have surpassed perennial leader Tesla when it comes to owners’ level of emotional attachment and excitement with their new vehicle.” Continue reading →