Alstom says it will “take into account the consequences” of the operating and financial developments at Bombardier Transportation in forthcoming takeover discussions after the company reported an adjusted Ebit loss of $383 million in the second quarter of 2020.
The European Commission (EC) has approved Alstom’s bid to take over rival Bombardier Transportation, a move which will create the second largest manufacturer in the rail sector behind CRRC.
Alstom has launched a new version of Mastria, its multimodal supervision and mobility orchestration solution, that uses artificial intelligence (AI) to provide operators and transport authorities with enhanced passenger flow management tools.
European Union (EU) antitrust regulators have set a deadline of July 16 for a decision on whether to approve Alstom’s bid for Bombardier Transportation.
Siemens and Alstom have begun using their 3D printing capabilities to produce items to protect passengers, staff and medical practitioners during the coronavirus pandemic.
Alstom has performed 10 days of tests of the Coradia iLint hydrogen fuel cell train—the world’s first passenger train powered by hydrogen fuel cells—on the 65-kilometer line between Groningen and Leeuwarden to the north of the Netherlands.
The first of 28 new Acela Express high-speed trainsets that Alstom is building for Amtrak in Hornell, N.Y., departed for the Federal Railroad Administration facility in Pueblo, Colo., for high-speed testing on Feb. 17.
Alstom has signed a memorandum of understanding (MOU) with Bombardier and pension fund Caisse de Dépôt et Placement du Québec (CDPQ) to acquire Bombardier Transportation, ending weeks of speculation about a proposed tie up between the two railway equipment manufacturers.
Amtrak’s Acela Express, which replaced the iconic Metroliner service that helped define the Northeast Corridor for the better part of 30 years, is now approaching age 20 (kind of old for a train). The equipment, popular with customers but sort-of affectionately called “The Fast Pig” in railroading circles, will soon be replaced with new, lighter, sleeker and faster trainsets from Alstom.
Siemens and Alstom confirmed in a statement Jan. 28 that they have offered further concessions to the European Commission (EC) in a bid to gain approval of their merger.