Spain: Two major local rolling stock builders, CAF and Talgo, report on varied trends in their activities.
18 March 2024
Spain: Two major local rolling stock builders, CAF and Talgo, report on varied trends in their activities.
The most significant events and trends in the global rolling stock market in 2023 according to the ROLLINGSTOCK team.
Spain: According to Spanish media, Renfe has decided to seek a higher fine from the train manufacturer, €166 mln instead of the €116 mln previously announced. Talgo says it has not yet received a lawsuit.
Germany: Der Spiegel disclosed this information with reference to a letter from Stefan Schnorr, State Secretary at the Federal Ministry of Transport and Digital Infrastructure.
Kazakhstan: With this strategic document, both companies aim to strengthen ties and find new investment opportunities.
Bulgaria: The Chinese train maker is the target of an investigation by the European Commission, the results of which are due to be published by 2 July.
Russia: The Commercial Court of the Sverdlovsk region registered the claim and published it in the Commercial Case File on Monday. There is no information on the substance of the claim or court hearings.
Spain: The company has notified the Spanish stock market regulator CNMV of its plans to buy all the shares in the manufacturer for €632 mln, or €5 per share.
UK: Between June 2021 and January 2023, the German manufacturer filed a series of claims against the award of a contract for the supply of 54 high-speed electric trains to the Alstom–Hitachi Rail joint venture.