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Business > Foreign Business
Siemens Energy shares plunge on wind turbine woes
By Agence France-Presse
Jun 24, 2023 12:15 am
The group scrapped its full-year profit target and said it was setting aside more than a billion euros ($1.1 billion) over the coming years to fix the issues at troubled wind turbine subsidiary Siemens Gamesa.
In a call with reporters, Siemens Gamesa Chief Executive Officer (CEO) Jochen Eickholt said 'the quality problems go well beyond what had been known hitherto.'

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