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(Die Seite wurde neu angelegt: „Siemens & Halske expanded its product portfolio to cover the entire field of electrical engineering through other specialist subsidiaries and associated companies. For example, Siemens & Halske was also active in the area of automobile manufacturing for a brief period between 1908 and 1926. Regarded as very progressive even by today's standards, the company was already building electric vehicles at this time that were as advanced technically as the combus…“) |
(Die Seite wurde neu angelegt: „The international network of subsidiaries and associated companies was broken up with the outbreak of World War I. Property, material assets as well as patents and property rights abroad were confiscated. The international business had to be rebuilt again when the war ended. Former subsidiaries, such as the English Siemens Brothers & Co., were now competitors. As before the war, Siemens succeeded in keeping the business going with the aid of large orders.…“) |
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===== Reconstruction and economic miracle ===== | ===== Reconstruction and economic miracle ===== | ||
It wasn't until 1950/1951 that Siemens succeeded after five years in restoring revenue again to pre-war levels. The international side of the business was also successfully restored by 1959. The Siemens Group had split into three independent companies by 1966: Siemens & Halske AG, Siemens-Schuckertwerke AG and Siemens-Reiniger AG. The three joint-stock companies were reorganized in a bid to respond to changes in the competitive environment and on the international markets and merged to form the umbrella organization Siemens AG. The comprehensive network of associations and subsidiaries, such as Siemens-Electrogeräte AG founded in 1957, remained in existence. | |||
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