December 6, 2018 / 1:53 PM / 8 days ago

Auto supplier Bosch sees car market stagnating in 2019

A Bosch logo is pictured in Renningen near Stuttgart, Germany July 29, 2016. REUTERS/Michaela Rehle

STUTTGART (Reuters) - German auto supplier Bosch expects global car production in 2019 to languish at this year’s level, the head of its core auto parts unit said on Thursday, citing a cool-down in China and lower demand for diesel cars in Europe.

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

He added Bosch aimed for stronger growth in 2019 than the car market as a whole.

Reporting by Ilona Wissenbach; writing by Thomas Seythal; editing by Riham Alkousaa

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