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Bosch Finds Solar Business Unprofitable, Exits 477

Posted by Soulskill
from the no-silver-lining-in-actual-clouds dept.
New submitter rwise2112 writes "German engineering company Bosch said Friday that it is abandoning its solar energy business, because there is no way to make it economically viable.'We have considered the latest technological advances, cost-reduction potential and strategic alignment, and there have also been talks with potential partners,' Bosch CEO Volkmar Denner said. 'However, none of these possibilities resulted in a solution for the solar energy division that would be economically viable over the long term.'"
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Bosch Finds Solar Business Unprofitable, Exits

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