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Oswald to Retire from Bosch; Liedtke Named Successor

21 July 2000

Oswald to Retire from Bosch; Liedtke Named Successor

    FARMINGTON HILLS, Mich. - Robert Bosch GmbH announced today that Robert S. 
Oswald, member of the Board of Management, and chairman, president and CEO of 
its North American subsidiary Robert Bosch Corporation, will retire on December 
31, 2000.  Oswald (59), who has been with Bosch since 1989, will continue to be 
associated with the company in a consultant capacity through the middle of next 
year.
    
    Dr. Kurt Liedtke (57), currently managing director of Robert Bosch
(Australia) Pty Ltd. will succeed Oswald.  Liedtke has been elected as an
associate member of the Board of Management of Robert Bosch GmbH, effective
January 1, 2001.

    Oswald was appointed to the Bosch Board of Management in 1996.  Prior to
his appointment, he served as president and chief operating officer of Robert
Bosch Corporation.

    During his 41-year career in the automotive industry, Oswald has held a
series of manufacturing, engineering and general management positions.  With
an engineering degree from Kettering University and a MBA from Michigan State
University, Oswald worked for General Motors, Ford Motor Company and Cummins
Engine Company before joining Bosch.  He is a member of the Society of
Automotive Engineers and serves on the board of trustees at Kettering
University and the board of directors of Perceptron Corporation.

    "I have been fortunate during my career to work for great companies and to
experience the dramatic technical and business changes that have occurred in
the automotive industry," said Oswald.  "It is very gratifying to me to have
been a part of the tremendous growth Bosch has achieved over the past decade,
especially here in North America."

    Liedtke has been with Bosch since 1977 and has served as chairman and
managing director of Robert Bosch (Australia) Ltd. since 1996.  Previously,
Liedtke served as managing director of Robert Bosch Limited in the U.K.  He
has also held management positions with Bosch operations in Spain.

    Prior to Bosch, Liedtke worked as an attorney in a German law firm,
specializing in business and tax law, and as a corporate lawyer in the power
supply industry.  Liedtke studied law and economics at the universities of
Frankfurt, Germany; Lausanne, Switzerland and Cambridge, United Kingdom.

    "It is a great accomplishment to become CEO of Robert Bosch Corporation
and to be appointed to the Bosch Board of Management," said Liedtke.  "I am
particularly excited to operate in Detroit, the international capital of the
automotive industry, and to be in close proximity to our customers.  I look
forward to working with my colleagues in North America and having the
opportunity to continue our efforts to maintain Bosch's commitment to quality,
product innovation and customer orientation."

    Founded in 1886, Bosch is a global technology leader in the development
and production of innovative products in a number of industries.  These
industries include automotive equipment; power tools and accessories; thermo-
technology; household appliances; automation and packaging equipment.

    Robert Bosch Corporation is the wholly owned U.S. subsidiary of Robert
Bosch GmbH, headquartered in Stuttgart, Germany.