Chinese train crash derails Bombardier shares

(Source: Globe and Mail, July 25, 2011)

MONTREAL — A deadly train crash in eastern China is raising concerns about the development of the country’s high-speed rail program, and highlights the challenges faced by major supplier Bombardier Inc.

The tragic crash involving two high-speed trains in Zhejiang province over the weekend, killing at least 38 and wounding more than 200, is a nightmare for China’s high-speed rail vision.

The incident sent shares of the Montreal rail and aircraft manufacturer tumbling more than 5 per cent Monday as investors worried about the company’s future business in China.

Full story: Globe and Mail

Tuesday, July 26, 2011
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