Siemens VDO aims to triple Asian sales in 5 years


FRANKFURT, Feb 26 (Reuters) - The car components unit of German engineering conglomerate Siemens aims to triple its sales in Asia and at least double its U.S. revenues in the next five years, the head of the unit told a German newspaper on Thursday. Wolfgang Dehen, chief of Siemens VDO Automotive, told the Boersen-Zeitung that meant growing as least as fast as the Asian market -- where the unit made about 600 million euros ($758 million) in sales in 2002/03 -- and faster than the U.S. ...

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