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Bosch Honored By Toyota

Toyota Motor Corp. has presented its Global Contribution Award to the Bosch Group. This is the highest supplier honor the automaker awards, and is given in recognition of companies that have performed outstandingly over the previous year.
By Shop Owner Staff
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Toyota Motor Corp. has presented its Global Contribution Award to the Bosch Group. This is the highest supplier honor the automaker awards, and is given in recognition of companies that have performed outstandingly over the previous year.

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Bosch secured the prestigious honor through continuous improvement activities and collaboration with Toyota on a global level, particularly in the areas of quality, communication, smooth launch management and cost optimization. This is the fourth time Bosch has received Toyota’s Global Contribution Award, which it also earned in 2003, 2004 and 2011.

The award was presented as part of the annual Global Supplier Conference, which took place on Feb. 21, 2013, at the Nagoya Congress Center. Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, accepted the Global Contribution Award on behalf of the Bosch Group from Fujio Cho, chairman of Toyota.

“We are proud to receive this award, which we see as a recognition for the dedication our associates have shown,” said Denner after the presentation. “Bosch will consistently strive to maintain technological leadership through innovative and efficient high quality products.”

In 2013, Bosch also won the “Superior Value Improvement Award” for its cost-competitive products, including the development of the most cost-competitive ESC (electronic stability control) to date. This compact and lightweight anti-skid system meets the increasing demand for safety technologies.

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When Your Shop Is Worth Much More Than You Thought

Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.

By Art Blumenthal
Leveraging more than 30 years of experience as both an aftermarket business owner and aftermarket technology executive, Art Blumenthal LLC provides business intermediary and advisory services to both buyers and sellers of industry businesses of all sizes. Art is a member of IBBA (International Business Brokers Association, Inc.). For more information, or to initiate a no-obligation confidential consultation, visit www.art-blumenthal.com.
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Case Study: Owner of San Francisco-based Import Service Shop Delighted to Discover Just How Valuable His Business is to Qualified Buyers
I sometimes share case studies of the clients I have been able to assist in my role as an aftermarket business broker and provider of intermediary and advisory services. I do that when I think the story will provide a reader in similar circumstances with new insights or helpful information.
In the case of Cowden Automotive, Inc., I acted in a consulting capacity assisting the owner and his broker in valuing the business, creating a marketing plan, finding a qualified buyer, and arranging financing for the sale.
Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.
Needless to say, delivering that kind of good news to a shop owner is a rewarding experience. Discovering that the sale of his business would result in his retirement nest-egg being substantially larger than he had ever thought was a fitting tribute to someone who had spent his entire working career as a busy automotive service shop owner.

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