Parts supplier Bosch says still banking on North America amid car tariffs

BERLIN (Reuters) - German car parts supplier Bosch said it is still banking on the North American region with expansion plans there, while stressing that it was globally positioned in a statement responding to U.S. President Donald Trump's tariff announcement.

"We have confidence in the long-term potential of the North American market and are continuing to expand our business in the region," the statement said.

"While focusing on our local-for-local principle, we work simultaneously in an international production network and are globally positioned," it added.

(Reporting by Ilona Wissenbach, Writing by Rachel More; Editing by Ludwig Burger)