Despite millions in costs from Trump’s U.S. tariffs, Siemens remains calm — but the global investment climate is suffering. CEO Roland Busch sees growing risks, especially for export-driven sectors such as mechanical engineering and the automotive industry. The tariffs imposed by U.S. President Donald Trump are leaving the Munich-based technology group Siemens largely unfazed. According […]
Category: Electronics Industry
Bosch Austria with Lower Revenue: Between Setback and a New Start into the Future
Bosch Austria is experiencing a significant drop in revenue in 2024.But instead of pulling back, the company is boldly pushing ahead with future-oriented initiatives — investing in hydrogen technology, climate-friendly heat pumps, and innovative developments. The weakening economy has also left its mark on Bosch Austria. The technology group reported a turnover of €1.25 billion […]
Between innovation and regulation: how companies can shape the AI transformation
Artificial intelligence (AI) is regarded as the key technology of the future. Nevertheless, it is clear that many companies still have a long way to go before it is used in a well thought-out and broad-based manner. Florian Hirner, Head of the Austrian Standards Academy, talks about new EU regulations, opportunities and risks of artificial intelligence in day-to-day business.
MTU defies customs risks with record figures
Strong start to the year for MTU Aero Engines: In the first quarter, the engine manufacturer posted strong growth in sales and profits and exceeded expectations. But dark clouds are gathering on the horizon and casting a shadow over the current year.