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Thread: General Electric Co. is looking to exit from the railroad business

  1. #1

    Default General Electric Co. is looking to exit from the railroad business

    https://www.wsj.com/articles/ge-expl...ess-1509031146

    GE Explores Exiting From the Railroad Business
    Under pressure to streamline, new CEO looks to shed century-old locomotive division

  2. #2

    Default

    Does beg the question, who would be the potential buyers? I'm not giving very good odds for American business.

  3. #3

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    Maybe CRRC. They are building cars here now. The last 2 paragraphs of the "History" section:
    https://en.wikipedia.org/wiki/CRRC#History

    In March 2016, CRRC Qingdao Sifang was awarded a contract to build 400 7000-series cars for the Chicago Transit Authority (CTA), with an option for another 446 cars. The cost of the contract was US$632 million up to US$1.31 billion with options; as a consequence CRRC began development of an US$40 million assembly factory in Chicago.

    In March 2017, CRRC was awarded a contract by SEPTA to construct 45 bi-level rail cars with the option for 10 additional cars for delivery in October 2019. CRRC was selected over Hyundai Rotem and Bombardier, which also bid on the bi-level contract and had each produced equipment for SEPTA in the past. Later that month, CRRC was also awarded a contract to build 64 HR4000 cars for the Los Angeles County Metropolitan Transportation Authority (LACMTA) that will replace existing vehicles on the agency's Red and Purple lines, with an option for another 218 cars.

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