Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG (SIE)

323
Real-time Quote. Real-time TRADEGATE AG - 10/23 10:01:57 pm
86.8500 EUR   +0.24%
5h ago Network gear maker Nokia tops market expectations
1d ago Global growth worries take shine off ABB's order surge
1d ago Siemens sees catch-up with rivals beginning in 2018
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Siemens AG : Deutsche Bahn Seeks Compensation From Siemens For Delivery Delay-Report

05/20/2012 | 07:57am US/Eastern

German railways company Deutsche Bahn AG seeks EUR45 million to EUR50 million compensation from Siemens AG (SI) for the late delivery of 16 ICE-3 trains, Bild am Sonntag says Sunday, attributing its information to industry sources.

The trains should have been in operation with Deutsche Bahn already in 2011 but Siemens would deliver eight to ten ICE-3 trains to the railways company only this year, after a one-year delay, according to Bild am Sonntag, which adds that the trains should be running in December.

Deutsche Bahn chief Ruediger Grube and Siemens Chief Peter Loescher have discussed a 17th ICE train to be delivered free of change, Bild am Sonntag says, adding that Siemens, according to railways experts, has "massive" problems with the suppliers of high-speed trains.

A Siemens spokesman told Dow Jones Newswires that he had no new information on the negotiations between Deutsche Bahn and Siemens, but either a cash penalty or a 17th train is the subject of negotiations.

A train would cost around EUR30 million, and an amount of this magnitude has already been booked since the first quarter, the spokesman said, adding it wasn't clear to him where the reported compensation figure of EUR45 million to EUR50 million came from.

Newspaper website: http://www.bild.de

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

Latest news on SIEMENS AG
5h ago Network gear maker Nokia tops market expectations
6h ago INDUS MOTOR : ISE-10 index stays bullish
6h ago SIEMENS : Giants completed for Siemens Wind Power GmbH
13h ago SIEMENS : Report Summarizes Magnetic Resonance Study Findings from Siemens (High..
1d ago Global growth worries take shine off ABB's order surge
1d ago SIEMENS : New Medical Imaging Findings from Siemens Discussed (Pose-independent ..
1d ago SIEMENS : Investigators at Siemens Report Findings in Medical Imaging (Real-time..
1d ago Siemens sees catch-up with rivals beginning in 2018
1d ago GOLDGROUP MINING : Goldgrou Mining Director Donald Siemens Resigns
2d ago SIEMENS : joins 2.3GW Canada crew
Advertisement
Chart
Duration : Period :
Siemens AG Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF