|Bid||4.92 x 0|
|Ask||5.17 x 0|
|Day's range||5.03 - 5.15|
|52-week range||4.65 - 7.38|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||5.87|
|Forward dividend & yield||0.45 (8.47%)|
|Ex-dividend date||21 Apr 2023|
|1y target est||N/A|
Siemens and Microsoft on Tuesday announced a joint project to use artificial intelligence to increase productivity and human-machine collaboration. The Siemens Industrial Copilot scheme will see the two companies work together to use generative AI for the manufacturing, transportation and healthcare industries. German automotive supplier Schaeffler AG is among the companies to have adopted the Siemens Industrial Copilot, Siemens said.
BERLIN (Reuters) -Vitesco shares reached a record high on Monday on news that family-controlled Schaeffler AG will launch a tender offer valuing the German powertrain supplier at 3.64 billion euros ($3.83 billion). to create a more competitive supplier in the electric vehicle segment, as well as simplifying the Schaeffler family's empire, which includes stakes in Vitesco and Continental AG. "With the business combination, a leading motion technology company with four focused divisions and revenues of approximately 25 billion euros will be created," Schaeffler said.