Alstom, Siemens to merge rail businesses to counter China
(Source: Reuters, September 26, 2017)
MUNICH/PARIS — German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC Corp Ltd.
Full story: Reuters
Wednesday, September 27, 2017
© 1997-2021 Brotherhood of Locomotive Engineers and Trainmen