Siemens' new CEO Joe Kaeser held his first full year results press conference Thursday.The company expects 2014 to be as successful as this year. A year in which sales topped €76bn with over €4bn profit.
The deal merging Siemens' railway division with train maker Alstom has been hailed as the making of a "European champion." But what will it mean for workers, and will it be enough to compete with Chinese behemoth CRRC?
German industrial giant Siemens has signed a deal to merge its railway operations with French competitor Alstom. The firms aim to establish a viable challenger to take on China's state-owned CRRC.
The German industrial conglomerate has reported a 25-percent rise in quarterly net profit, boosting full-year earnings and improving the outlook for 2017. But the firm fears for its US business because of Donald Trump.
The German engineering giant will be engaging in funding and building infrastructure projects worth billions of euros, saying the new government of Mauricio Macri is serious about reforming Argentina's economy.
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