Spain, Poland: Last week, Piotr Malepszak, Poland’s Infrastructure Vice Minister, has expressed interest in acquiring the Spanish producer.
The new geopolitical conditions are no longer having a major impact on the industry, as evidenced by the dynamics of changes in revenues and backlogs of orders of the major players in the rolling stock market.
Efforts to increase train speeds continue unabated, with new countries, such as Russia, joining the exclusive club of manufacturers.
Spain: The Spanish business media El Economista reports that negotiations are underway as the investment foundation CriteriaCaixa plans to engage the Czech manufacturer as a potential manufacturing partner.
Spain: The first ten AVE trains have commenced operation between Madrid and Galicia and Asturias. These are the world’s first variable gauge trains with a max speed of 330 km/h. The prototype was unveiled in 2012, and the delivery was delayed by more than 3 years.
Spain: The next three months will be spent waiting for the acquisition to be authorised by the national government.
Spain: The first batch comprises ten variable gauge AVE trains with 507 seats.
Spain: Two major local rolling stock builders, CAF and Talgo, report on varied trends in their activities.
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.
