Automotive News - Traverse City - August 7, 2019 - 7

WEDNESDAY, AUGUST 7, 2019

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Bosch seeks to be carbon neutral by 2020
'Global warming will not miraculously solve itself'
Published May 13, 2019,
in Automotive News
Peter Sigal

psigal@autonews.com

Robert Bosch plans to become fully carbon
neutral by 2020, making it the first major industrial company to take that step.
Rising sea levels, extreme weather, drought
and flooding made it imperative for companies
to act without delay to stop the planet from
overheating and endangering global stability,
said CEO Volkmar Denner.
"Climate change is not science fiction. It's really happening," Denner said. "Global warming will not miraculously solve itself."

Bosch's drive for carbon neutrality was not
motivated by any effort to repair automakers'
battered image following the Volkswagen diesel emissions cheating case, he said.
Bosch has agreed to pay hundreds of millions of dollars in settlements and fines related
to emissions cases against Volkswagen Group
and Fiat Chrysler Automobiles.

'Our moon-shot project'
Bosch said it emits 3.3 million metric tons of
carbon dioxide emissions every year. Manufacturing accounts for around one-third of
global CO2 emissions, according to the International Energy Agency.
The company aims to achieve its goal by in-

Denner noted, however, there is
creasing energy efficiency, expandnot a direct correlation between auto
ing the share of renewables in its enproduction and sales for suppliers
ergy supply to as much as 40 percent,
such as Bosch.
buying more green power and offsetting unavoidable CO2 emissions.
"Companies like Bosch cannot
'Share in each car grows'
wait," Denner said. "This is our
"Bosch has often grown faster than
moon-shot project."
output because cars feature more
Separately, Bosch warned that 2019 Denner: Bosch
and more technology - a lot of that
sales will stagnate in the face of a "cannot wait."
comes from Bosch - and thus our
slowdown in the global economy,
share in each car grows," he said.
continuing trade disputes and, in Europe, the
Bosch's earnings before interest and taxes
effects of Brexit.
rose to $6.2 billion in 2018, a 12 percent inThe company forecasts that global automo- crease over 2017.
tive production will fall by 3 percent this year
Revenue increased 0.5 percent to $88.1 bilto 95 million vehicles, the first time since the lion. a
2008 financial crisis that production has fallen
in two consecutive years.
Reuters contributed to this report.

Automotive
recruitment
brings out
the lawyers
Published May 13, 2019,
in Automotive News

ecruiting auto companies
to new plant sites is traditionally a task for government officials, chambers of
commerce, utility companies, railroads or possibly even real estate
firms. Sam Moses represents a new
trend in the activity.
Moses is an attorney, a partner in
the Columbia, S.C., office of law firm
Parker Poe. He
spends his time
recruiting automotive manufacturers to invest
in operations in
North America.
As an attorney,
his allegiances are
not to any state
or location, but
to his clients. He
spoke with News
Editor Lindsay
SAM
Chappell about
MOSES
why
attorneys
might play an increasing role in
wooing investment. Edited excerpts:

&
QA

Q: Why is a law firm in the business of recruiting automotive
manufacturers?
A: Engineers, lawyers and accountants have gotten into the business.
But law firms have been late to the
game. Clients have always needed
site selection services, but we typically partnered with brokers or site
consultants for that. This is a way to
offer the services directly.
What role would you play?
The transactional work includes
incentive documentation, state and
local. Putting together the real estate
transaction. Dealing with environmental issues, air permitting and
wastewater emissions. Then you have
operational issues, like employment.
An automotive company from Michigan, for example, setting up a plant in
the Southeast is typically going to have
American managers who know what
the U.S. laws are. But when you are an
overseas company, this might be the
first U.S. plant they've ever done, and
they need guidance. a

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Automotive News - Traverse City - August 7, 2019

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