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...In Brussels, fears of a wave of Chinese-made cars have led the European commission to probe Beijing’s industrial support as well as boost its own local subsidies....
...Separately on Tuesday, Siemens announced it had invested $450mn for a minority stake in VW’s North American charging network, known as Electrify America, in a deal that values the division at $2.45bn....
...a supplier to Samsung, Siemens, Philips and General Electric....
...Siemens said its stake in Healthineers would decline to about 72 per cent. Bernd Montag, Siemens Healthineers chief executive, said the deal achieves “two leaps in one step”....
...When Joe Kaeser, a Siemens lifer who had spent time at the industrial group’s Californian business watching more agile American companies forge ahead, took over as chief in 2013, he tore a leaf out of the...
Solutions to logistical problems have a nod to the past with an eye towards the future
...A version of this article was first published by Nikkei Asia on November 25 2020. ©2020 Nikkei Inc....
...For TJ Rylander, partner at Next 47, the venture capital arm of German conglomerate Siemens that has invested in two of Sila Nano’s funding rounds, the ease of scaling up was a key selling point....
...an interview she welcomed a “long overdue” debate on EU industrial policy if it helped correct “market failures”....
...The approval from the EU comes just 18 months after Brussels blocked Alstom’s attempt to build a European rail champion with Siemens of Germany, arguing it could increase costs for signalling and next-generation...
...The world’s largest asset manager said on Thursday that one of Germany’s largest industrial companies had failed to fully consider the “breadth of risks” of an infrastructure deal at the A$2bn Carmichael...
...Its hopes of scaling up were dashed last year when a mooted rail merger with Siemens was nixed on competition grounds....
...In Germany, companies such as Siemens, the industrial group, and SAP, the software company, have rolled out remote working at scale for staff....
...A version of this article was first published by Nikkei Asia on May 5 2021. ©2021 Nikkei Inc....
...market listing risk factor (FT) Hedge fund trader Chris Rokos pips former firm Brevan Howard (FT) Geely in talks to pump cash into Aston Martin (FT) Takeaway.com wins takeover battle for Just Eat (FT) Siemens...
...When Steve Jobs returned to Apple as chief executive in September 1997, the computer maker was valued at $3bn — less than one-tenth the value of German conglomerate Siemens, Europe’s largest industrial group...
...Mr Kaeser, by contrast, has tried to make Siemens lean, spinning off any unit that does not closely align with the group’s core industrial offerings....
...Its operating profit margin has more than halved to just over 2 per cent since it separated from Siemens....
...Chargepoint, which began in the US, has expanded to Europe and received investments from Mercedes-Benz owner Daimler and Siemens to help it push into the market....
...A few days after that acquisition, Siemens announced it would begin selling the Junelight Smart Battery, the first battery storage system offered by Europe’s largest industrial conglomerate for private homes...
...ChargePoint, which began in the US, has expanded to Europe and received investments from Mercedes-Benz owner Daimler and Siemens to help it push into the market....
...US battery start-up Sila Nanotechnologies, which has a partnership with BMW, has raised $70m in funding from investors including Siemens’ venture firm Next47 and Japan’s ATL....
...That has fuelled a perception that Germany Inc. remains a closed shop for insiders....
...Claroty, a start-up specialising in cyber security for the industrial internet, has raised $60m from investors including equipment manufacturers Rockwell, Siemens and Schneider-Electric....
...China is softening its rhetoric on an industrial policy that set it on collision course with the US and Europe, in a bid for foreign investment to keep its economy on track....
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