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Bosch Forecasts Sales in Turkey to Rise 19% This Year, Haberturk Reports

Robert Bosch GmbH, a German vehicle components maker, expects to increase its sales in Turkey 19 percent to 750 million euros this year, Haberturk reporter, citing chairman Franz Fehrenbach.

The company, which operates in Turkey through its unit Bosch Fren Sistemleri AS, announced plans on Sept. 24 to invest 500 million euros ($673.6 million) in Turkey until the end of 2013, Fehrenbach said in a news conference in Istanbul, according to the newspaper.

To contact the reporter on this story: Ercan Ersoy in Istanbul eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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