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Thursday, April 30, 2015

China train makers in talks with Bombardier rail over possible sale

Early days, but Bombardier might be getting out of the rail business. In the Toronto area, Bombardier is known for building the GO Transit bi-level cars, the new TTC subway cars and the new TTC streetcars. However, it seems that two Chinese manufacturers are teaming up to buy the rail division. All sides are very cagey about the details, and it is not even clear whether the deal might go through, but Canada might be losing one of its last stakes in rail manufacturing. Since the demise of EMD, not a single company in Canada has manufactured new trains - except for Bombardier. Things might be about to change again.

>>>China train makers in talks with Bombardier rail over possible sale - The Globe and Mail<<<

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