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Bosch Community Fund donates $100,000 to the University of the Aftermarket Foundation to fund scholarships for automotive technology students

Bosch Automotive Aftermarket division builds comprehensive strategy to help develop future automotive technicians
- Scholarship funding begins in 2015 school year with scholarships awarded to students enrolled in accredited automotive, heavy-duty or diesel programs

- Bosch helps prepare the workforce of the future with a focus on supporting the advancement of education in Science, Technology, Engineering and Math (STEM)

- To date, the Bosch Community Fund has awarded more than 140 grants totaling $5 million to support projects in 22 communities in the U.S., all focused on STEM education and environmental sustainability and conservation

FARMINGTON HILLS, Michigan – The Bosch Community Fund, along with the Bosch Automotive Aftermarket Business Division has established a $100,000 fund for the University of the Aftermarket Foundation to provide approximately 25 automotive scholarships each year over a three-year period. The fund is an important element in Bosch’s comprehensive strategy to help equip the automotive workforce of the future in the areas of science, technology, engineering and math or STEM education. Students enrolled in accredited automotive, heavy-duty or diesel programs, beginning in the 2015 school year, are eligible to apply for the scholarships.

The Bosch Automotive Aftermarket Business Division, composed of the Bosch Automotive Aftermarket and Bosch Automotive Service Solutions business units, has built relationships with a variety of technical schools. As part of these relationships, Bosch provides advice and counsel on curricula; encourages mentorships and apprenticeships; and donates a variety of diagnostic tools and automotive aftermarket products to support schools in their educational efforts. These efforts are part of a comprehensive initiative known as the Bosch Educational Services Program.

“The scholarship fund is a strong statement to the long-term commitment that Bosch has for supporting STEM education,” said Rusty Bishop, chairman, University of the Aftermarket Foundation. “Students who have a passion for automotive technology will benefit greatly from these scholarships and, for some, it may make the difference in their being able to pursue a career in this area. The scholarships clearly have the potential to be life changing.”

According to Odd Joergenrud, regional president, Bosch Automotive Aftermarket North America, the scholarship fund is an investment in the future: “The future of the automotive industry depends on equipping new talent to fill a wide array of positions, including automotive technicians.

“As the No. 1 global OEM and Aftermarket company for both domestic and imports, Bosch is actively involved in developing a variety of powertrains, including gasoline, diesel and hybrids. We naturally want to encourage students to pursue automotive technology careers,” Joergenrud added.

According to Rich Wolf, regional president, Bosch Automotive Service Solutions,: “Today’s master technician addresses vehicle needs that would have required an engineering degree in the past.

“As automotive technology becomes increasingly sophisticated, vehicles require more in-depth diagnostic techniques, tools, equipment and knowledge. The career opportunities for automotive technicians will continue to expand accordingly,” Wolf said.

Students can apply for the Bosch Automotive scholarship beginning Sept. 15, 2014, thru March 31, 2015, for the 2015 school year. Information and applications are available at automotivescholarships.com or by contacting Michael Loth, project manager of training, Bosch Automotive Service Solutions, at Michael.loth@us.bosch.com.

About Bosch:
In the U.S., Canada and Mexico, the Bosch Group manufactures and markets automotive original equipment and aftermarket solutions, industrial drives and control technology, power tools, security and communication systems, packaging technology, thermotechnology, household appliances, healthcare telemedicine and software solutions. Having established a regional presence in 1906, Bosch employs 24,600 associates in more than 100 locations, with consolidated sales of $10.4 billion in 2013. For more information, visit www.boschusa.com, www.bosch.com.mx and www.bosch.ca.

The Bosch Group is a leading global supplier of technology and services. In 2013, its roughly 281,000 associates generated sales of 46.1 billion euros ($61.2 billion). Its operations are divided into four business sectors: Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its more than 360 subsidiaries and regional companies in some 50 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2013, Bosch invested some 4.5 billion euros ($6.0 billion) in research and development and applied for some 5,000 patents worldwide. The Bosch Group’s products and services are designed to fascinate, and to improve the quality of life by providing solutions which are both innovative and beneficial. In this way, the company offers technology worldwide that is “Invented for life.” Additional information on the global organization is available online at www.bosch.com, www.bosch-press.com, and http://twitter.com/BoschPresse.

*Due to a change in accounting policies, 2013 figures can only be compared to a limited extent with 2012 figures. The decision to forego the application of proportionate consolidation affects mainly BSH Bosch und Siemens Hausgeräte GmbH and ZF Lenksysteme GmbH (2013 consolidated sales volume of some $9.7 billion). Exchange rate: 1 EUR = $1.32812.

BCF donates $100,000 for automotive scholarships - August 2014


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