crs1026
Superstar
I will just leave this here.....
- Paul
- Paul
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If they bailout Bombardier again, they might as well just send a cheque to them every month for the rest of their existence. The fact that a government would even seriously contemplate continuously putting funds into a company that consistently hemorrhages funds through piss pour corporate management is beyond me.Quebec Economy Minister Pierre Fitzgibbon now says there will be a "major announcement" tomorrow regarding Bombardier.
As previously announced first on Fliegerfaust, February 6, 2020, Bombardier is entirely selling its Transportation division to Alstom, as written in this article by Sylvain Faust ----->: https://www.fliegerfaust.com/bombardier--2645048156.html
The entire Bombardier railway business is to be in the hands of the French. The deal is scheduled to be officially made on Thursday.
Düsseldorf According to information from industrial circles, the French railway technology manufacturer Alstom buys the entire railway business from Bombardier . The transaction is expected to be announced on Thursday morning.
Alstom will take over the worldwide railway business of the Canadians, whose headquarters are in Berlin, for seven billion euros.
This creates a new large railway technology group with a turnover of around 15 billion euros. Alstom had failed just a year ago due to concerns from the European Competition Commission trying to merge with Siemens Mobility...
Read more https://www.handelsblatt.com/untern...ion-fuer-sieben-milliarden-euro/25541030.html
That has been the plan along with Mississauga cars. Hamilton was to see the same car as well..Alstom Buys Bombardier Transportation for Seven Billion Euros (US$7 Billion - CDN$10 Billion)
See link.
I think that means the light rail vehicles for the Finch West LRT and Crosstown LRT will be made by the same company.
What an embarrassing fall from grace. A Transportation giant which did everything from commercial planes, business jets, trams, trains, locomotives, etc.. is now just a shell company which manufactures business jets. Heck, they might as well sell that off too since they'll some how find a way to run that into the ground.Alstom Buys Bombardier Transportation for Seven Billion Euros (US$7 Billion - CDN$10 Billion)
See link.
I think that means the light rail vehicles for the Finch West LRT and Crosstown LRT will be made by the same company.
And to souse the taxpayer for incompetence-driven bailouts.BBD acquires companies and products and makes them worse.