Auto supplier Bosch anticipates car market stagnating in next year

German auto supplier Bosch expects worldwide car production in 2019 to stagnate at this year’s level, the head of its core auto parts unit stated on Thursday, mentioning a cool-down in China and reduced demand for diesel cars in Europe.

“Next year will be subdued. But we do not expect a downturn,” stated Rolf Bulander, the head Bosch mobility solutions unit.

He added Bosch aimed for better growth in next year than the car market as a whole.