$630 million leaks from its bottom line
After 170 years, Siemens will quit the Russian market due to the war in Ukraine, it said, and taken a 600 million euro ($630 million) hit to its business during the second quarter.
Coming on the back of supply chain issues
Siemens fourth quarter sales and orders beat forecasts and said that supply chain problems that have hindered industrial revival in the wake of the pandemic will ease next year.
Expansion in core engineering hoped to expand bottom line under Busch.
Siemens unveiled targets to outpace the market by combining its core engineering business with digital expertise.
Proof of concept
Airbus, Siemens and Rolls-Royce are teaming up to develop a hybrid passenger plane that would use a single electric turbofan along with three conventional jet engines running on aviation fuel.
Ziggy Stardust and the Spiders from Siemens
German manufacturing giant Siemens has developed an army of robot spiders which can work together to build 3D print structures and parts in real time.
Low volumes to blame
Better late than never
Joint venture no more
Networks side is growing
Patent troll aims high