Recently, BMW had to suspend production of a few of its models as the supply of steering components from its supplier, Bosch was affected. To avoid such a situation in the future, Bosch has decided to proceed with the acquisition of its Italian supplier, Albertini Cesare. The company makes aluminum casings for steering components and it was due to the interruption of the supply of these components that BMW production was suspended.
According to a Bosch spokeswoman, the acquisition of the family owned company which has a workforce of 350 people has been initiated but has not been finalized.
The financial details of the transaction were not disclosed. The Bosch spokeswoman added that the priority for Bosch was to secure a reliable supply of components with this acquisition.
The shortage of components from Bosch led to stoppages at the BMW factories in China and South Africa. It also slowed production of several compact and mid-sized BMW models.
The production problems at BMW have been resolved.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
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