European industrial conglomerates Siemens and Alstom have agreed this week to unite their rail manufacturing divisions.
The new joint venture will include France’s high-speed TGV trains. Image courtesy of Wikipedia In a memorandum of understanding, the two companies agreed to form a new joint venture, called Siemens Alstom which would head off competition from China. Siemens based on Germany produces much of the country’s rolling stock, while…
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