"Cooperation with Volvo is an important milestone in the development of top-quality components and systems for electric cars subsequently intended for series production, " says Siegfried Russwurm, Siemens Board member and CEO of the Siemens Industry Sector.

ENGADGET: Volvo and Siemens team up to build better electric engines

In one application, Siemens' Industry Automation division--a customer of ours for two years--is placing our chips into human-machine interfaces and programmable logic controls for industrial automation machines.

FORBES: Nanotech Meets Computer Memory

The Hywind, a 2.3 megawatt (MW) wind turbine built by Siemens, combines technologies from both the wind farming industry and the oil and gas sectors, and will be tested off the coast of Norway for two years.

BBC: Floating wind turbine launched

The industry giants certainly know about and have products in this field, from Siemens to Honeywell, the latter notably with a 2005 acquisition of Tridium for its software that integrates diverse building systems and devices using a Web browser.

FORBES: Magazine Article

Siemens, under Chief Executive Peter Loscher, has said it will focus on energy, industry and health care, yet, the company is still wrestling with non-core and, in some cases, underperforming businesses like its telecommunications joint venture with Nokia and its Osram lighting business.

FORBES: Siemens Sends A Strong Signal On Growth