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Stock Market & Financial Investment News

News Breaks
December 10, 2013
07:25 EDTSISiemens discussing metals technology unit sale, Bloomberg says
Siemens is contemplating selling its VAI metals technologies unit as CEO Joe Kaeser looks into revamping the company's portfolio, according to Bloomberg, citing three people with knowledge of the matter. Reference Link
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April 23, 2014
09:05 EDTSIFDA clears Siemens SOMATOM Force CT system
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April 22, 2014
06:24 EDTSISiemens, Beijing Automotive Industry form JV for electric cars, WSJ reports
Siemens and Beijing Automotive Industry Holding have formed a joint venture to make engines for hybrid and electric vehicles, reports the Wall Street Journal. The JV will begin small volume production of the electric drive trains this year with mass production starting in 2015 at a new facility in Beijing. Financial details of the transaction were not disclosed. Reference Link

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