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Siemens Warns of Slowdown for German Car Exports
Demand for German-built vehicles could fall next year as growth in overseas markets slows, Siemens AG CEO Joe Kaeser tells Germany's Passauer Neue Presse.
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Demand for German-built vehicles could fall next year as growth in overseas markets slows, Siemens AG CEO Joe Kaeser tells Germany's Passauer Neue Presse.
He predicts a "darkening" for Germany's auto industry in 2016 or 2017, in large part because of China's cooling economic growth.
Kaeser remains optimistic about overall industry demand for the software and digital product development and testing products Siemens offers.
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