Hannover — Siemens Mobility, which is being merged with Alstom’s rail business, is performing well, according to the German industrial group’s CEO, Joe Kaeser. "We have an excellent mobility business, you can already see that in the figures of the first quarter," he said on the sidelines of the Hannover Messe trade fair on Monday. "I am not revealing any secrets when I say that I was very happy when I saw the mobility figures for the second quarter," Kaeser said. Siemens is expected to publish second-quarter results on May 9. Siemens and French rival Alstom agreed in September 2017 to merge their rail operations, creating a European champion to withstand the international advance of China’s state-owned CRRC Corporation. Siemens will own 50% plus a few shares of the joint venture, to be called Siemens Alstom, while Alstom will supply Henri Poupart-Lafarge as CEO, helping to counter criticism that France is giving up control of another national industrial icon. "We are well on our way...
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