Bosch is a major player in the field of motor vehicle parts, household appliances, security systems, power tools and microelectromechanical systems. The firm generated total revenue of around 73 billion euros (or about 80 billion U.S. dollars) in its 2016 fiscal year. In the same year, the company incurred research and development costs of around 7 billion euros (approximately equal to 8.26 billion U.S. dollars).
With automotive segment revenue of almost 44 billion euros (or about 51.9 billion U.S. dollars), the Germany-based firm was ranked as the world's largest automotive supplier in 2016. Forbes ranked Bosch among the 100 innovative growth companies in 2016. Continental and Denso are among the corporation’s main competitors.
Unique to Bosch is its corporate structure. Despite employing some 389,000 employees worldwide along with generating sizeable revenues, Bosch is still privately owned. In fact, the company is almost entirely owned by a charitable foundation, which allows for shareholder profits to be doled out to charitable causes.
Note: The exchange rate was correct at December 18, 2017, when one euro bought approximately 1.18 U.S. dollars.
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