Erich Spiegal,CEO of Siemens USA,a division of the German multinational conglomerate,reports they are nimbly expanding their wind turbine business.Siemens is adding close to 1,000 jobs in Charlotte,North Carolina.Orders are up and business is getting better.
Business at large is waiting to see where the economy goes and legislation goes.The impact of the reform is relatively minor.Siemens sees relatively positive signs.Some of their big hospital customers are starting to spend.Gas turbines has become a very profitable business for them.
Mr.Spiegal thinks tax incentives are needed to spur growth.One third of Siemens' business today is renewable energy.It's a field President Barack Obama has highlighted as a promising source of new jobs.
Siemens(SI)
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