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My father worked for Siemens VDO (now Continental), and I know for sure that Siemens does not any longer have any of the benefits of a privately-held company. I
by manmal 15y ago
My father worked for Siemens VDO (now Continental), and I know for sure that Siemens does not any longer have any of the benefits of a privately-held company. It's become a frustrating corporate conglomerate - EBIT & cashflow is all the managers are interested in now, and accordingly, many of Siemens' sub-companies have either been sold or restructured (among them VDO, which turned out to be a very good deal for Siemens, and a very bad one for Continental).
- gcp 15y agoNote that Continental (and by extension, VDO) was swallowed by the (smaller!) INA Schaeffler in 2008, but INA isn't allowed to take control of it until this year. It will be interesting to see whether that will turn the tables again.