In this paper, we study nonautonomous Cauchy problems
(NCP) { (u) over dot(t) = A(T)u(t) u(s) = x is an element of X
for a family of linear operators (A(t))(t is an element of I) on some Banac
h space X by means of evolution semigroups. In particular, we characterize
"stability" in the so called "hyperbolic case" on the level of evolution se
migroups and derive a product formula for the solutions of (NCP). Moreover,
in Section 4 we connect the "hyperbolic" and the "parabolic" case by showi
ng, that integrals integral(s)(t) A(tau)d tau always define generators. Thi
s yields another product formula.