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Economy. Filter by tags

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Hitachi Rail factory in UK to stay afloat for another year
Hitachi Rail factory in UK to stay afloat for another year

UK: The manufacturer has received a contract for 14 five-car trains, which will help give the Newton Aycliffe site a future.

23 December 2024
Stadler US becomes its own division
Stadler US becomes its own division

USA: The Stadler Board of Directors has decided to bolster its US headquarters, which is currently part of the Swiss division.

19 December 2024
Wabtec expands assets of components production in Europe
Wabtec expands assets of components production in Europe

Spain, Slovakia: The American provider of rolling stock and equipment has recently acquired two companies engaged in production of components.

19 November 2024
Germany loses rail rolling stock production to USA and India
Germany loses rail rolling stock production to USA and India

Germany: In the face of country's current problems, major companies are cutting back on investment in the EU’s largest economy and taking measures to make the most of the disadvantageous conditions, with actively developing their facilities in the USA and India.

31 October 2024
New bidder for Talgo emerges
New bidder for Talgo emerges

Spain: The steel company Sidenor has sent a letter stating its intention to acquire shares in the rolling stock manufacturer.

23 October 2024
Schöma goes bankrupt, German rail industry faces financial problems
Schöma goes bankrupt, German rail industry faces financial problems

Germany: The locomotive builder has filed for insolvency at the court in Syke, Lower Saxony.

17 October 2024
Stadler denies plans to change ownership structure of its Belarusian plant
Stadler denies plans to change ownership structure of its Belarusian plant

Belarus: Peter Spuhler, President of the board of directors and main shareholder of the company, was cited by several business media as saying.

17 October 2024
First green bonds issued by Knorr-Bremse
First green bonds issued by Knorr-Bremse

Germany: The holding company for components production has announced that the eight-year bonds with a coupon rate of 3.25% have a volume of €500 mln.

11 October 2024
Škoda Group and Hyundai enhance cooperation
Škoda Group and Hyundai enhance cooperation

South Korea, Czechia: Škoda Group has signed memoranda of understanding with two subsidiaries of the South Korean holding, the rolling stock producer Hyundai Rotem and the car manufacturer Hyundai Motor.

30 September 2024
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