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Beyond the Highway – Bosch is boosting its Commercial Vehicle and Off-road Business with a dedicated Organization

Bosch presents its innovative solutions for commercial vehiclesAs the top management of Bosch thought long and hard about new strategic business fields, the field of commercial vehicle and off-road (CVO) was still no more than a promising idea. Market studies showed that it was more than that. In this segment, encompassing trucks and 4000 hp construction machines, forklifts and harvesters, there is a potential for growth in the billions of euros in countries with increasingly strict environmental and safety regulations as well as in emerging regions with cities whose populations are rapidly exceeding the one million mark.

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AngloGold Ashanti takes prudent step to relax loan covenant

AngloGold Ashanti Limited has continued its strategy of proactively managing its balance sheet by reaching agreement with its two banking syndicates to temporarily relax the financial covenant on both of its revolving credit facilities (RCFs). This is purely a proactive step by the company providing it protection, if required, against volatile market and operating conditions.

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