Profit priority at Siemens

After recording a pre-tax loss of DM759m in the financial year which ended on September 30 1998, Siemens Transportation Systems is expecting to reduce its losses ’substantially’ in 1998-99 by further strengthening systems competence which represents a ’unique competitive advantage’. According to the Siemens annual report for 1997-98, Trans-portation Systems’ ...

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