While Siemens News Today

The stock tumbled more than 8% in early trading after Siemens said it does not intend to make an offer amid speculation it was about to swoop.

The stock tumbled more than 8% in early trading after Siemens said it does not intend to make an offer amid speculation it was about to swoop.

For Siemens Energy, the issues have steadily ballooned since the Gamesa takeover, which was troubled from the get-go. While Siemens was active in offshore wind power since 2004, it had little experience with onshore turbines. Corporate cultures clashed as the wind industry slid into a difficult phase it's not yet emerged from amid cut-throat competition. To combat rivals like Denmark's Vestas Wind Systems A/S, Siemens Energy rushed out a new onshore wind turbine, the 5.X. This...

The history of Siemens is the history of electricity. After Werner von Siemens set up shop in a Berlin workshop in 1847, his improved design for the electric telegraph won him the contract to build E...