Vaunted German engineers face competition from China
Article Abstract:
Siemens AG expands product development in China, forsaking the German engineers who have long been known for their skill as innovators in the field of telecommunications. German Chancellor Gerhard Schroder has acknowledged the risk that such outsourcing poses to the German economy by introducing government initiatives to shore up the engineering sector. Meanwhile, Siemens is focusing to develop phones that appeal to the Chinese mobile phone market, the biggest and fastest growing market internationally.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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Deutsche Post is poised for a new reinvention
Article Abstract:
Deutsche Post AG of Germany is in negotiations to acquire Exel PLC of the United Kingdom for 3.4 billion Pounds (5.1 billion Euros or $6.3 billion). Acquistion of the transportation company would double the size of the Duetsche Post AG's logistics operation.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Nokia chief sees opening in China: market expands, matures, creating opportunities to sell array of cellphones
Article Abstract:
Olli-Pekka Kallasvuo, CEO of Nokia Corp., wants to expand cell phone sales in China, offering a large product range . Cell phone use is expanding rapidly in China, and many customers are purchasing more expensive phones to replace their old units.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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