1、aAnnual Report 20037Front-page illustration:Just three letters,butthey represent one of ourgreat success stories:ABS.Although our firstpatent for an antilockbraking system goesback as far as 1936,itwould still be a long wayuntil mass production.As the first company inthe world to do so,weintroduced
2、a mass-pro-ducible system in 1978,comprising a hydraulicmodule with integratedservo valves and anelectronic control unit.Shown separately in thephoto are the hydraulicstage,the electronicsstage,and the end coverbefore final assembly toform a block.In themeantime it has becomevirtually standard equip
3、-ment in new vehicles inWestern Europe.Wealone,as pioneers of thissafety system,have deliv-ered more than 100 mil-lion units.The currenteighth generation is ofmodular design.As aresult,we can manufac-ture not only the ABS,but also the complemen-tary traction control sys-tem(TCS),electronicstability
4、program(ESP),and the electrohydraulicbraking system on acommon basis.In thenext few years we willexpand the brake controlsystems with additionalfunctions,thereby furtherincreasing vehicle safetyand comfort.3PageKey Data4Introduction5Board of Management6Supervisory Council8Supervisory Council Report9
5、Management Report10Bosch Group22Presidents of the Divisions23Automotive Technology Business Sector24Industrial Technology Business Sector32Consumer Goods and Building Technology Business Sector36International Business40Research and Development,Advance Engineering44Environmental Protection48Associate
6、s of the Bosch Group50Financial Statements of the Bosch Group Worldwide54Major Companies of the Bosch Group Worldwide78Financial Statements of Robert Bosch GmbH80Ten Year Statistics Bosch Group Worldwide82Table of Contents4Key Data(million euros)Bosch Group Worldwide200312002Sales36,35734,977percent