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.
26 February 2024
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.
Germany: According to the manufacturer's report for the fiscal year 2022/23 (October–September), it received orders worth €20.6 bln. The new orders are 1.5 times more than the previous year's result, which was also a record for the company.
USA: The manufacturers bidding to supply rolling stock for the high-speed line between Los Angeles and Las Vegas have notified the US Federal Railway Administration.
Poland: The manufacturer allegedly programmed malfunctions into the onboard systems of its Impuls EMUs. Newag itself denies the allegations and plans to take legal action.
Russia: The Trust Non-Core Assets bank has sold its 93.6% stake in the car manufacturer.
Germany: Together with other German industrial companies, the manufacturer has submitted relevant applications to its government.