Why Alstom and Siemens are ramping up passenger train production
18:22
Why Alstom and Siemens are ramping up passenger train production
A big boost to the rail industry has come from the Infrastructure Investment and Jobs Act (IIJA), which was passed in 2021 and designates $66 billion to improve the nation's rail system. CNBC visited two of the biggest passenger railcar manufacturers operating in the country: Siemens and Alstom to see how they are ramping up passenger train ...
CNBCJuhohn Lee2023年7月11日
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Stocks in Europe are trading mixed today after yesterday’s U.S. market rally but there are three major movers to bring to your attention. Shares of French trainmaker Alstom plunged more than 35 percent after the company cut its free cash flow forecast. For the year the company now expects free cash flow in the range of negative 500 to 750 million compared to a previous forecast of ‘significantly positive’. Shares of the U.K.’s Metro Bank plunged more than 29 percent following reports that it was
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Stocks in Europe are trading mixed today after yesterday’s U.S. market rally but there
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