Alstom

Siemens and Alstom on brink of rail merger: report

Berlin - Muslimchronicle

France's Alstom and Germany's Siemens have a deal ready to sign that would merge their rail businesses in the face of Chinese competition, German business daily Handelsblatt reported Monday. Alstom, which makes the French TGV high-speed train, confirmed Friday that it was talking to Siemens about a possible railway tie-up, but said no decision had been taken. Handelsblatt however, citingRead more

Firms push hydrogen as top green energy source

Davos - Arab Today

Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming. Convened on the sidelines of the World Economic Forum, the first Hydrogen Council brought together 13 firms, among them top carmakers BMW, Daimler, Honda, Hyundai and ToyotaRead more

Alstom to go ahead with plans to shut down Belfort plant

Paris - Arab Today

Alstom will go ahead with plans to shut down manufacturing at its Belfort plant in eastern France, its CEO told staff on Tuesday, setting up a confrontation with the French government which vowed "everything will be done" to prevent that. The French engineering firm, which makes the country's TGV high-speed trains and is 20 percent controlled by the state, saidRead more

TGV train factory faces closure

Paris - Arab Today

French President Francois Hollande will intervene this week to try to save the factory that made the country's first high-speed TGV train and is now under threat of closure, Prime Minister Manuel Valls said Sunday. Trainmaker Alstom announced this week that it would cease production in the eastern city of Belfort, a symbol of French industrial prowess that produced Alstom'sRead more

Alstom shares rise as UK chief quits over corruption probe

Paris - Arab Today

Shares in French transport giant Alstom powered higher on Wednesday on an upbeat growth outlook just as its UK chief stepped down over corruption allegations and its Brazilian managers were reportedly being probed for collusion. Alstom, which has focused on transport since General Electric bought its energy business, said it expected to grow organic sales -- generated by its ownRead more