Siemens expects big SEC fine in bribery case -paper


FRANKFURT, May 25 (Reuters) - German engineering group Siemens AG expects a substantial fine from the U.S. Securities and Exchange Commission (SEC) as a result of a corrpution probe and has not built any provisions to handle this, Chairman Gerhard Cromme told a newspaper. He also told the Sueddeutsche Zeitung in an interview to be published on Saturday that Siemens was pressing ahead with plans to float its VDO automotive electronics unit but would consider any takeover offer "if someone ...

Premium Content (PAID Subscription Required)

"Siemens expects big SEC fine in bribery case -paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×