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Alstom's bid in February of up to 6.2 billion euros ($7 billion) for Montreal-based Bombardier's rail business has faced scrutiny from EU antitrust authorities, which have been expected to demand ...
In February, the French TGV high-speed train maker Alstom agreed to buy the rail division of Bombardier for up to 6.2 billion euros ($6.7 billion) in a cash-and-shares deal aimed at creating the ...
PARIS/MONTREAL (Reuters) - France's Alstom SA has agreed to buy the rail division of Canada's Bombardier Inc for up to 6.2 billion euros ($6.7 billion) to create the world's No. 2 train ...
By 2018, Bombardier slipped to become the 3rd largest rail-equipment manufacturer in the Western World and fourth globally, eclipsed by CRRC, Siemens and Alstom. [ 48 ] [ 49 ] [ 50 ] Between mid-2018 and late-2019, Bombardier started selling off many of its commercial aviation assets, notably selling the CSeries to Airbus .
[1] [2] The remaining 90 cars are in for repair, maintenance, or some type of planned modification work. [3] All trains on the separate automated guideway transit line are in regular use without spares. Alstom (originally Bombardier) is manufacturing a complete replacement of the mainline fleet. With the withdrawal and retirement of the older ...
During 2001, the works became part of Bombardier Transportation. After the closure of Alstom's Washwood Heath plant in 2005, Derby works became the only passenger rolling stock manufacturer in the UK. [1] [2] During mid-2011, Bombardier announced it was to cut 1,400 out of the 3,000 jobs at Derby. In November 2019, following the awarding of ...
Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier's train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train ...
The license to use the technology has also passed hands several times, from Westinghouse to AEG in 1988, to Adtranz in 1996, to Bombardier Transportation in 2001, [1] and most recently to Alstom in 2021.