Deutsche Bahn saw its profits shrink in the first half of the year, down by about 20 percent to around €1 billion - compared with a profit of €1.3 billion in the first half of last year, according to management sources.
German engineering giant Siemens said on Thursday it had won an order to supply 1,140 new commuter rail carriages to Britain for around €1.8 billion.
German tech giant Siemens has drawn a line under its foray into the solar power business and is closing down the division, business newspaper the <i>Handelsblatt</i> reported on Monday.
As Europe continues to grapple with economic crisis, German companies are looking elsewhere for business. But from Daimler to Siemens, many large firms have found they need more foreign managers to thrive in multicultural world.
Fed up with unreliable trains on suburban systems across Germany, Deutsche Bahn is suing Canadian train maker Bombardier for €160 million, the <i>Süddeutsche Zeitung</i> reported on Thursday.
German engineering giant Siemens said on Wednesday that earnings and orders fell in the first quarter, but it was hoping a shake-up of its businesses would nevertheless enable it to meet its full-year targets.
Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said on Wednesday it was shutting down one of its German units with the potential loss of 1,000 jobs.
German light bulb maker Osram, which is soon to be spun off by its parent, engineering giant Siemens, said on Friday it is planning to cut costs by €1 billion ($1.3 billion) by 2015.
Long-distance rail passengers should expect cancellations and delays in icy conditions this winter, warned Deutsche Bahn on Friday, as Siemens again postponed a delivery of new high-speed trains worth €500 million.
The first woman to reach the executive board at German engineering giant Siemens, shattering the firm's glass ceiling, will not have her contract renewed, it was reported on Wednesday.
Chancellor Angela Merkel criticised the imprisonment of the protest band Pussy Riot during a meeting with President Vladimir Putin in Moscow on Friday. Yet Siemens also signed a €2.5 billion deal with Russian state railway.
Major German companies Siemens, Deutsche Telekom, and Commerzbank all reported poor third quarter figures on Thursday, confounding reports that the country's economy was weathering the global storm.
Greek prosecutors are planning to issue international warrants for 11 Siemens executives, though their cases have already been closed by German courts. The execs say they will appeal to the European Court of Human Rights.
German engineering giant Siemens is abandoning its solar energy business in favour of wind and hydropower, the company announced in a statement Monday.
A man from Argentina has accused Siemens of sending people to beat him up when he threatened to expose a corrupt deal. The former government worker is now suing the German tech giant for $100 million in the US.
German engineering giant Siemens, which is increasingly feeling the effects of the economic downturn, is to slash "thousands" of jobs, a financial daily reported on Tuesday.
The difficulties of connecting wind-parks in the high seas to the national grid are harming Siemens' balance books. The technology giant is expecting to set aside a huge reserve for technical difficulties, eating into this year's profits.
German engineering giant Siemens, which recently settled a bribery dispute with the Greek government, said on Wednesday it has won a €41 million contract for the Athens metro.
German industrial giant Siemens is reportedly working on a deal to forgo millions of euros owed by Greece as compensation for its corrupt business practices in the country.
German railway operator Deutsche Bahn is demanding a free ICE train worth €30 million from Siemens to compensate for delays in delivering the next generation its high-speed rolling stock.
German industrial giant Siemens took a massive hit at the end of last year, the company reported Tuesday. Profits were down all of 17 percent between October and December 2011.
Tech giant Siemens has warned that Germany’s nuclear phase-out could cost the country nearly €2 trillion by 2030, much higher than previously estimated.
German industrial giant Siemens has hired the American general fired for criticising US President Barack Obama in public – to head up its attempt to get more US government contracts.
Nine former Siemens executives and agents of the German industrial giant have been charged in the United States with allegedly bribing Argentine government officials, according to the US authorities.
German energy companies, well-established leaders in harvesting wind power, are focusing on exporting turbines to the growing US market as European turf becomes scarce. <b>Erin Huggins</b> reports.
