Stefan Hartung, CEO of Bosch, warns that the ban on internal combustion engines in the EU could lead to the relocation of the automotive industry out of Europe. He emphasizes the need to review this decision and gradually transition to alternative energy sources. Hartung highlights the importance of a broader technological approach that includes fuel cells, plug-in hybrids, and hydrogen as fuel. He also believes that a strong Europe can serve as a defense against protectionism and economic challenges, with less regulation and more investment. Bosch plans a reorganization.
Bosch’s CEO urges gradual switch from fossil fuels in EU.
