[WorldKings - World Almanac Event 2020] 134th year anniversary of the establishment of Robert Bosch GmbH (November 15, 1886 – November 15, 2020)

15-11-2020

(WorldKings.org) Robert Bosch GmbH, or Bosch, is a German multinational engineering and technology company headquartered in Gerlingen, near Stuttgart, Germany. Bosch is 92% owned by Robert Bosch Stiftung, a charitable institution.

The company was founded in Stuttgart in 1886 by a highly motivated, self-educated electrical engineer named Robert Bosch. He instituted an eight-hour workday (which was uncommon at the time) and paid employees at a higher standard rate in the belief that superior working conditions would encourage better employee performance.

 

 

Bosch entered the automotive industry in the early 1890s, when the company introduced a hand-crank motor starter. Near the dawn of the 20th century, on the strength of the growing American automobile market, Bosch became the world leader in ignition systems.

By 1914, 70 percent of the company's sales were in the United States. The outbreak that year of World War I resulted in an American trade embargo against Germany. Bosch was prevented from doing any more business in the United States and forced to rely solely on European sales under a wartime economy.

 

 

When the war ended in 1918 the German economy was in a state of complete disarray. Bosch, however, managed to remain in business, partly as a result of its diversification and good management. As the economic situation stabilized, public discontent in Germany began to rise.

The company enjoyed several periods of strong growth during the 1930s, primarily due to strong demand from the German industry and the military for electronic and mechanical products. The company's growth necessitated a new form of organization, and in 1937 it was incorporated as a private limited company.

 

 

Robert Bosch died in 1942, during the height of Germany's success in the war, and was succeeded by Hans Walz. As outlined in Robert Bosch's will, ownership of the company eventually in 1964 was to be transferred in large part to the Robert Bosch Foundation, with the balance remaining in the hands of the Bosch family.

The most relevant inventions of the company until 2000 were the oxygen sensor (1976), the electric motor control (1979), the traction control system (1986), the xenon light for cars (1991), the electronic stability control (1995), the common rail direct fuel injection (1997), and the direct fuel injection (2000).

 

 

Today, Bosch is one of the ten largest companies in Germany, Robert Bosch GmbH is best known as a worldwide supplier of automotive equipment, with world leadership in fuel injection systems and antilock brakes. The company has also developed into a world leader in various other areas, including communications and radio technology, traffic management systems, power tools, household appliances, thermotechnology, automation technology, and packaging machines.

According to en.wikipedia and referenceforbusiness.com


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