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78-759: In 2004 Alstom won the first high speed train contract in China, supporting CRRC to build 60 CRH5 high speed trains. In November 2016, CRRC won the contract to build the High Capacity Metro Train for the Melbourne suburban train network , as part of Evolution Rail, a public–private partnership including the Downer Group and the Plenary Group . In 1996, CRRC and Adtranz (later Bombardier Transportation then Alstom) established

156-467: A $ 16.9 billion offer, comprising a $ 13.5 billion value plus $ 3.4 billion cash. On 5 May, GE offered to buy one-fourth of the shares in Alstom's Indian power and distribution companies – Alstom T&D India and Alstom India – at 261.25 and 382.20 rupees a share (value US$ 278 million and $ 111 million respectively) subject to its bid for Alstom SA being successful. On 5 May 2014,

234-574: A 2003 deal in Indonesia valued at $ 118 million in particular. On April 13, 2013, Alstom senior executive Frédéric Pierucci was arrested at the John F. Kennedy International Airport in New York . He was accused of willful blindness of his company's suspected corruption and was imprisoned in a high security facility for 14 months and denied release on bail until the week of Alstom's acquisition by

312-672: A 219% tariff on the aircraft. Boeing's complaint stated that the CS100 planes were being sold at US$ 19.6 million each, below the US$ 33.2 million production cost. The governments of Canada and the United Kingdom threatened to stop ordering Boeing aircraft since the company was putting aerospace jobs at risk. On January 26, 2018, the United States International Trade Commission overturned

390-538: A 51% shareholding in Linke-Hofmann-Busch from Salzgitter AG . In 1995, the company acquired the remaining shares in the steam turbine manufacturer MAN Energie . In early 1998, GEC Alsthom acquired the electrical contractor Cegelec , renaming it Alstom Power Conversion . In 1998, GEC Alsthom bought Italian firm SASIB 's rail signalling subsidiary Sasib Railways , which included the former General Railway Signal (USA). In June 1998, GEC Alsthom

468-520: A consortium of Alstom ( Alstom Wind ), EDF , and DONG Energy was awarded three major French offshore wind farm contracts, the company initiated construction of factories at Cherbourg-en-Cotentin (turbine blades in association with LM Power , also wind turbine towers) and Saint-Nazaire (Nacelles and generators). Also in 2012, the company formed a joint venture with RusHydro to manufacture hydropower equipment for small and medium power hydropower plants. (up to about 100MW.) Late in 2012, to further

546-559: A design flaw inherited from the acquisition of ABB 's turbine business, in addition to losses in other business sectors. In 2014, General Electric (GE) announced that it reached a deal to purchase Alstom's power and grid divisions for US$ 17 billion (€12.4 billion). The deal came under heavy scrutiny from French regulators who saw the business as a strategically important domestic industry. To secure approval, GE agreed to form joint ventures with French companies in power generation and transmission, Alstom's heavy gas turbine business

624-403: A further 10% stake from shareholder Bouygues and an option to form a rail transport joint venture. On 19 June, GE revised its bid, matching the same price with a lower cash transaction value; it also proposed forming a joint venture of their renewable, electric grid, steam turbine and nuclear power businesses. GE announced a memorandum of understanding between the two firms in the rail sector and

702-593: A greater product overlap and thus a greater risk to jobs, along with potential issues with EU competition regulators. Siemens' offer was characterised as "defensive", being skeptically received by investors and analysts. On 29 April, Reuters reported that Alstom's board had accepted a €10 billion bid by GE for its energy division; In a letter from GE executive Jeffrey R. Immelt to President François Hollande published in Les Echos , Immelt gave assurances about continued investment in Alstom's French activities,

780-468: A joint venture of Alstom and Gibela began construction of a new 60,000 square metres (650,000 sq ft) train building factory in Dunnotar , outside of Johannesburg , South Africa . Initial orders for the factory included 580 X'Trapolis Mega passenger trains for Passenger Rail Agency of South Africa under a €4 billion contract that was awarded in 2013. In September 2016, Alstom announced it

858-494: A joint venture. Since 2000, CARC has built cars for domestic use in Shanghai Metro , Guangzhou Metro , Shenzhen Metro and since 2015 exported trains for Singapore's Mass Rapid Transit (MRT) . Note : the information below is based on CNR Changchun Simplified Chinese website. Alstom Alstom SA is a French multinational rolling stock manufacturer which operates worldwide in rail transport markets. It

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936-615: A manufacturer of trains which were widely used throughout Germany and Great Britain , becoming one of the largest manufacturers of railway rolling stock in the world. This division produced the Bombardier Turbostar . In 2005, it launched the Bombardier Zefiro high-speed rail , with speeds of 200–380 kilometres per hour , for the Ministry of Railways (China) . On February 13, 2020, Alstom agreed to buy

1014-477: A proposal to merge with Siemens Mobility , the rolling stock division of German conglomerate Siemens ; this merger was promoted as the creation of "a new European champion in the rail industry". The combined rail business, which was to have been reportedly named Siemens Alstom and headquartered in Paris, would have $ 18 billion U.S. in revenue and employ 62,300 people in more than 60 countries. During November 2018,

1092-620: A pure-play business aircraft company". In February 2020, Airbus acquired an additional 25% stake in the A220 for US$ 591 million. This transaction was the final step to get Bombardier Aviation out of the commercial jet industry. In December 2022, Bombardier broke ground on the new service center at the Abu Dhabi International Airport. This new facility in Abu Dhabi will be Bombardier's first full-service facility in

1170-600: A repair shop in Valcourt , Quebec , he designed and produced the first snowmobile using a drive system he developed that revolutionized travel in snow and swampy conditions. In 1937, he patented and sold 12 of the 7-passenger "B7" snow coaches . They were used in rural Quebec to take children to school, carry freight, deliver mail, and as ambulances. In 1941, Bombardier opened a factory in Valcourt. In 1942, L'Auto-Neige Bombardier Limitée ("Bombardier Snow Car Limited")

1248-599: A reported cost of €54 million. As a consequence of an alignment agreement between Transmashholding and another entity, LocoTech-Service , Alstom's stake in the former decreased to 20% in August 2018. In 2011, Alstom and the Iraqi government signed a memorandum of understanding regarding the construction of a new high-speed rail line between Baghdad and Basra . In 2012, Alstom opened construction of factories at Sorel-Tracy , Quebec, Canada (passenger rail vehicles). After

1326-560: A variant of their TGV family specially designed for traversing the Channel Tunnel between the UK and France. Although collectively operated by Eurostar , the type was ordered by three different railway companies: 16 by SNCF , four by NMBS/SNCB , and 18 by British Rail , of which seven were shortened North of London sets. The first Class 373 set was completed at GEC Alstom's Belfort facility during 1992. In 1994, GEC Alsthom acquired

1404-401: A €700 million deal), refocused on rail transport. Due to the acquisition, GE accrued $ 17.3bn of goodwill, consisting of Alstom's negative book value of $ 7.2bn at the time of acquisition and the $ 10.1bn purchase price. In October 2018, GE wrote-off $ 23bn from the value of its power industry division, largely attributed to the Alstom purchase. In November 2015, Alstom was awarded a contract by

1482-466: Is a Canadian business jet manufacturer. Headquartered in Montreal , the company was founded in 1942 by Joseph-Armand Bombardier to market his snowmobiles and became one of the world's biggest producers of aircraft and trains. In the 1970s and 1980s, the company diversified into public transport vehicles and commercial jets and became a multinational corporation . It grew particularly fast at

1560-433: Is active in the fields of passenger transportation, signaling, and locomotives, producing high-speed, suburban, regional and urban trains along with trams. The company and its name (originally spelled Alsthom) was formed by a merger between the electric engineering division of Société Alsacienne de Constructions Mécaniques (Als) and Compagnie Française Thomson-Houston (thom) in 1928. Significant acquisitions later included

1638-491: The 1970s energy crisis reduced demand for snowmobiles. In 1974, the company received its first order – to build MR-73 trains for Société de transport de Montréal for use on the Montreal Metro . In 1975, the company acquired Montreal Locomotive Works . It was sold to General Electric in 1988. In 1982, the company won a contract from New York's Metropolitan Transportation Authority to build 825 R62A cars for

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1716-557: The Airbus A220 ) to Swiss International Air Lines . Air Canada placed an order for the aircraft one day earlier. In April 2016, Delta Air Lines placed an order for the aircraft. On September 26, 2017, after Boeing complained that Bombardier was selling the CS100 to Delta Air Lines below cost due to subsidies from the governments of Canada and Quebec, the United States Department of Commerce proposed

1794-610: The Concorde . With deliveries of 138 business jets in 2023, Bombardier was the number one manufacturer of business jets in the world. The key trends of Bombardier are (as at the financial year ending December 31): In 1986, Bombardier acquired Canadair for C$ 120 million from the Government of Canada after it recorded the largest corporate loss in Canadian history. In 1989, the company acquired Short Brothers . By 1990,

1872-456: The French : Constructions Électriques de France , Tarbes; a manufacturer of electric locomotives as well as electrical and hydraulic equipment. In 1969, Compagnie Générale d'Électricité (CGE) became the majority shareholder of Alsthom. In 1976, Alsthom merged with Chantiers de l'Atlantique , becoming Alsthom Atlantique. Thus, the business expanded into marine. The next year, it constructed

1950-656: The Government of Quebec passed a law requiring all roads to be cleared of snow; Bombardier's sales fell by nearly half in one year. Armand Bombardier therefore decided to diversify his business, first by producing tracked snowplows sized specifically for use on municipal sidewalks, replacing horse-drawn vehicles , then by making all-terrain vehicles for the mining , petroleum, and forestry industries. The machines had removable front skis that could be replaced with front wheels for use on paved or hard surfaces, thus providing greater utility to his large snowmobiles. In 1951,

2028-718: The New York City Subway for $ 663 million. In 1985, the company ceased manufacturing locomotives and concentrated on producing passenger train rolling stock . It acquired a 45% stake in La Brugeoise et Nivelles (formerly BN Constructions Ferroviaires et Métalliques) based in Bruges in 1986, the assets of U.S. railcar manufacturers Budd Company and Pullman Company in 1987, and ANF Industrie based in Crespin, Nord , France in 1989. A series of acquisitions in

2106-758: The Prevention of Corruption Act 1906 and Criminal Law Act 1977 . Further charges were brought in late 2014 by the SFO in relation to corrupt practices used to obtain energy contracts in Lithuania. Additional charges relating to contracts for the Budapest Metro in Hungary were added in April 2015. In December 2018, three executives of Alstom were found guilty of conspiracy to corrupt following an investigation by

2184-534: The United Kingdom , Germany , Switzerland , Canada , and Mexico further increased operations. In 1996, the company was selected as the lead developer for the Acela Express trains, the fastest trains in North America, in a $ 710 million contract. Problems with the trains resulted in lawsuits between the company and Amtrak . In 2001, Bombardier acquired Adtranz (DaimlerChrysler Rail Systems),

2262-552: The 1,067.2 kilometres (663.1 mi) from Calais to Marseille in 3 hours and 29 minutes. In 1986, Alsthom Belfort received an order from EDF for the largest gas turbine in the world (212 MW). In 1988–89, holding company CGEE Alsthom acquired ACEC Énergie (hydroturbines and electrical equipment for the nuclear industry) and ACEC Automatisme (automation) from the dissolution of Belgian electrical engineering company ACEC . Alsthom acquired 100% of ACEC's transport division, renaming it ACEC Transport . In early 1989, GEC Alsthom

2340-554: The 2020 pandemic affected the industry, the agreement was renegotiated with the sale to Spirit concluded finally in October 2020. Bombardier's former aerostructures division purchased by Spirit consisted at time of sale of operations in Belfast , UK; Casablanca , Morocco; and Dallas , USA. The 2019 to 1920 aerostructures division sell-off was described at the time as supporting Bombardier's "strategic decision to reposition itself as

2418-678: The Belfort plant's closure in the short to medium term. In June 2017, Alstom opened the largest train modernisation facility in the UK at Halebank on the outskirts of Liverpool . Initial work involved the repainting of the Class 390 Pendolino s. On 12 November 2024, Alstom announced on their official website that the first of 35 fully automated metropolis trains has been delivered to Taiwan . The four-car stainless-steel train can carry up to 700 passengers, including 108 seated, with speeds up to 100 km/h. On 26 September 2017, Alstom announced

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2496-501: The Bombardier Transportation division for €7 billion. The acquisition deal was completed on January 29, 2021. In January 1934, a blizzard prevented Joseph-Armand Bombardier from reaching the nearest hospital in time to save his two-year-old son, Yvon, who died from appendicitis complicated by peritonitis . Bombardier was a mechanic who dreamed of building a vehicle that could "float on snow". In 1935, in

2574-589: The Constructions Électriques de France (1932), shipbuilder Chantiers de l'Atlantique (1976), and parts of ACEC (late-1980s). A merger with parts of the British General Electric Company formed GEC Alsthom in 1989. Throughout the 1990s, the company expanded its holdings in the rail sector, acquiring German rolling stock manufacturer Linke-Hofmann-Busch and Italian rail signaling specialist Sasib Railways. In 1998, GEC Alsthom

2652-636: The European Commission voiced its concerns surrounding the proposed merger of the two companies, particularly that the combined entity would be too dominant in the European market; alleged impacts from such dominance included potential increases in passenger fares and cargo fees. Furthermore, a series of popular protests concerning the financial reforms of both the French territorial railway infrastructure and SNCF occurred. The proposed merger

2730-419: The French government stated it did not back GE's bid, citing concerns on the future of Alstom's rail division as a smaller separate entity, suggesting that GE transfer its own rail division to Alstom; other concerns were over the civil nuclear field's national independence, and French jobs. On 14 May, France issued a decree ( Décret n° 2014-479 du 14 mai 2014 . ), nicknamed " décret Alstom ", extending to power of

2808-512: The French government's 21% holding in Alstom for €2 billion. Later that year, Bouygues elected to increase its shareholding in the firm to 24%. In 2007, the TGV POS set the world speed record for rail vehicles of 574.8 kilometres per hour (357.2 mph). In March, Alstom acquired Power Systems Manufacturing LLC ( Florida , USA) a manufacturer of gas turbine components from Calpine Corporation for $ 242 million. In June, Alstom acquired

2886-763: The French state agreed terms with Bouygues, buying a 20% stake in Alstom from Bouygues at a 2–5% discount on a minimum value of ≈€35 per share. Initially, the acquisition was expected to be finalised by early 2015. In early 2015, the EU Competition Commission began examining the deal. Both EU and US competition regulators approved the deal by September 2015, subject to the divestiture of Alstom's large and very large gas turbine (GT26 and GT36 models) manufacturing and service business; and its GE7FA gas turbine aftermarket parts subsidiary business, Power Systems Mfg. LLC (PSM), to another company, Ansaldo Energia . The sale of Alstom's energy division to GE

2964-632: The Indian Railways to construct an electric locomotive factory in Madhepura ( Bihar ), receiving an initial order of 800 twin-section 9MW locomotives for use on the Eastern Dedicated Freight Corridor , valued at ₹190 billion (about US$ 2.9 billion). This factory was to be operated under a joint venture with the Ministry of Railways (26%) at a cost of ₹ 13 billion (roughly US$ 200 million). In September 2015, it

3042-572: The Mirabel assembly facility and produce the CRJ on behalf of Mitsubishi until the current order backlog is complete. In October 2019, Bombardier announced the sale agreement of its remaining aerostructure division to US company Spirit AeroSystems . The division at time of sale involved component manufacture for new and after-market Bombardier group and Airbus group aircraft models, and also operated in aircraft maintenance, repair and overhaul. Due to how

3120-566: The SFO into allegations of several Lithuanian politicians and officials being offered bribes in return for securing contracts. In February 2020, the United Nations published a database of all business enterprises involved in certain specified activities related to the Israeli settlements . Alstom has been listed on the database in light of its involvement in activities related to "the provision of services and utilities supporting

3198-626: The Spanish wind turbine manufacturer Ecotècnia, renamed as Alstom Ecotècnia (since 2010 Alstom Wind ). The company also adopted a new graphic chart (logo, corporate identity) using "alstom" as its trading name, reserving "Alstom SA" for legal documents. In 2009, Alstom acquired a 25% stake in the Russian locomotive manufacturer Transmashholding . Six years later, Alstom decided to increase its shareholding in Transmashholding to 33% at

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3276-789: The US conglomerate General Electric . In late 2014, Alstom was fined $ 772 million by the DOJ, and admitted guilt under the Foreign Corrupt Practices Act in relation to bribes paid to obtain contracts in various countries. In mid-2014, Alstom Network UK was charged by the UK Serious Fraud Office (SFO) in relation to corruption offences alleged to have been committed when obtaining transportation contracts in India, Poland and Tunisia, covered under sections 1 of

3354-536: The United Arab Emirates. From 1973, when it was based in Colchester, Vermont , Bombardier Capital offered financial services such as lending and leasing. In 1997, the company began transitioning some services to Jacksonville, Florida . In 2001, it ceased taking on new consumer loans. In 2005, Bombardier sold its inventory finance division to GE Commercial Finance . The company acquired

3432-484: The company bought out ABB's share in the former joint venture ABB Alstom Power. In 2000, Alstom sold its diesel engine businesses ( Ruston , Paxman , and Mirrlees Blackstone ) to MAN Group . It also acquired a 51% stake in Italian rail manufacturer Fiat Ferroviaria , a world leader in tilting technology. In April 2003, Alstom sold its industrial turbine business to Siemens for €1.1 billion. By 2003, Alstom

3510-515: The company into deep debt, pushing it to the brink of bankruptcy by 2015. As a result, the company sold nearly all of its operations except business jet manufacturing. Bombardier manufactures two families of corporate jets, the Global and Challenger. On May 18, 2021, the Global 7500/8000 series during testing became the first business jet to break the sound barrier and the fastest civil aircraft since

3588-656: The company renamed GAC Ireland Limited. The prototypes were devised in Germany and production of 51 express coaches (KE type) and 366 double-decker buses (KD type) were assembled between 1980 and 1983 at a facility in Shannon, County Clare . They remained in service until 1997 and 2000, respectively. Some surviving examples are now exhibited at the National Transport Museum of Ireland at Howth Castle . The company diversified into rail transport after

3666-770: The company signed a letter of agreement to purchase the transportation division of the financially struggling Bombardier Inc. The purchase was finalized in January 2021. Alsthom was founded in 1928 from the merger of French heavy engineering subsidiary of the Thomson-Houston Electric Company – the Compagnie Française Thomson Houston, CFTH – and the Société Alsacienne de Constructions Mécaniques . In 1932, Alsthom expanded into transportation by acquiring

3744-536: The company sold its Business Aircraft Training business to CAE Inc. for $ 645 million. The business included flight simulators and training devices for the Bombardier Learjet, Challenger, and Global product lines. On June 25, 2019, Bombardier agreed with Mitsubishi Heavy Industries to sell the CRJ programme , a deal was expected to close in early 2020 subject to regulatory approval. Bombardier will retain

3822-711: The development of its tidal energy business, Alstom acquired Tidal Generation Ltd from Rolls-Royce , however this was later sold to GE in 2015 as part of the sale of Alstom's energy business. In November 2013, Alstom announced it planned to raise €1 to €2 billion through sale of some non-core assets, plus the possible sale of a stake in Alstom Transport, and cut 1,300 jobs. In 2014, Alstom sold its steam auxiliary components activities (air preheaters and gas-gas heaters for thermal power, other industrial heat transfer equipment, and grinding mills) to Triton Partners for €730 million. In November 2014 Alstom

3900-473: The diesel locomotive manufacturer Meinfesa to Vossloh , and Alstom Power Rentals to APR LLC. Six years later, Alstom re-acquired the electric power transmission division of Areva. In 2005, the former Metro-Cammell rail vehicle works in Washwood Heath closed. In the same year, Alstom sold its Australian subsidiary, Alstom Transport Australia and New Zealand, to United Group , which became part of

3978-475: The end of the 1980s when the turnover multiplied sixfold within six years. At that time it was North America's most important producer of railway vehicles, Canada's most important aerospace producer and the worldwide leading snowmobile manufacturer. The growth came mainly from buying failing government-owned companies at a low price and orchestrating a turnaround. However, the launch of the CSeries aircraft sent

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4056-513: The first 1300 MW generator set for the Paluel Nuclear Power Plant , setting a world record with an output of 1500 MW. In 1978, Alsthom delivered its first TGV to SNCF . The TGV went on to break world rail speed records in 1981 (at 380 kilometres per hour (240 mph)) and in 1990 (at 515.3 kilometres per hour (320.2 mph)). It also set the world endurance record for high-speed train lines in 2001, travelling

4134-471: The first product of the company, the Ski-Doo snowmobile, had become its weakest part gaging up deficits and high inventories. In 1990, it acquired Learjet . In 1992, the company acquired de Havilland Canada from Boeing . In 1995, the company founded Flexjet . In December 2013, the division was sold for $ 195 million. On June 29, 2016, Bombardier delivered the first CSeries CS100 aircraft (now called

4212-788: The late 1970s, in the Republic of Ireland , CIÉ (now Bus Éireann and Dublin Bus ) commissioned a range of single and double-decker buses to be designed and produced. CIÉ looked for partners to build these buses in Ireland, eventually finding two: Bombardier , and the United States–based General Automotive Corporation (GAC) from Ann Arbor , Michigan . The two companies formed a new company Bombardier Ireland Limited, 51% owned by Bombardier and 49% owned by GAC. In August 1983, Bombardier sold its shares to GAC, with

4290-433: The latter's UGL Rail division. Alstom would restart its manufacturing operations in Australia by the early 2010s. In 2006, Alstom sold its Marine Division to the Norwegian group Aker Yards , with a commitment to retain 25% of the shares until 2010; it also sold Alstom Power Conversion, which became Converteam , in a leveraged buy-out deal funded by Barclays Private Equity France SAS. In June 2006, Bouygues acquired

4368-456: The maintenance and existence of settlements" and "the use of natural resources, in particular water and land , for business purposes". On 5 July 2021, Norway 's largest pension fund KLP said it would divest from Alstom together with 15 other business entities implicated in the UN report for their links to Israeli settlements in the occupied West Bank. On 24 April 2014, unconfirmed reports claimed that US conglomerate General Electric (GE)

4446-554: The marine market. Alstom's share price had dropped by 90% over two years. European competition commission law required Alstom to sell several of its subsidiaries, including its shipbuilding and electrical transmission assets, when it accepted a €3.2 billion rescue plan involving the French state. In 2004, the French state took a 21% stake in Alstom for €772 million and Alstom received an EU-approved bailout worth in total €2.5 billion. The company sold its electrical transmission and distribution ("grid") activities to Areva ,

4524-442: The multinational train maker headquartered in Berlin , Germany for between €5.8 billion and €6.2 billion. The deal required the approval by Alstom shareholders at a meeting to be held in October 2020 and approval by European regulators. Bombardier's major shareholder, Caisse de dépôt et placement du Québec , had already agreed to the sale. Bombardier Inc. Bombardier Inc. ( French pronunciation: [bɔ̃baʁdje] )

4602-442: The proposed merger with Siemens. On 6 February 2019, the planned merger between the two companies was vetoed by the European Commission. In response to this ruling, Alstom's Chief Executive Officer Henri Poupart-Lafarge stated that he viewed the decision to block the merger was a result of "ideological prejudices". In mid-February 2020, Alstom announced that it had signed a Memorandum of Agreement to buy Bombardier Transportation ,

4680-474: The rights to the Volkswagen Iltis in 1981. Production ceased in 1989. When UTDC was acquired by Bombardier in 1991 several military products were added: UTDC 24M32 - HLVW military trucks based on the Steyr 91 (Percheron) In 2003, the company sold its arms industry division in Canada. Military Aviation Services was sold to SPAR Aerospace . Land-based arms industry products made by Urban Transportation Development Corporation ceased operations. In

4758-630: The sale of GE's rail signalling unit to Alstom. On 20 June, Siemens and MHI modified their bid, with MHI increasing its stake in Alstom's steam, hydro, and grid businesses to 40% in all three (total €3.9 billion) while Siemens increased its offer by €400 million to €4.3 billion. Subsequently, Economy minister Arnaud Montebourg stated he would block both bids, but the French government backed GE's offer and had given GE more specifications on commitments and guarantees; it also intended to buy two-thirds of Bouygues' shareholding (20%). The next day, Alstom's board backed GE's revised bid. On 22 June,

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4836-421: The security of the civil nuclear sector, and on job commitments made by Alstom Wind , whilst making its wind activities available to investors. On 30 April, Alstom confirmed that an offer for its power and grid divisions (representing an equity value of €12.35 billion, €11.4 billion enterprise value ) was under review with key interests including the French state. On 30 April, GE confirmed it had made

4914-699: The state to veto the takeover of "strategic interests" into areas of energy supply, water, transport, telecoms and public health. Both the French employer organisation MEDEF and the European Commissioner for Internal Market and Services ( Michel Barnier ) responded negatively to the decree. On 16 June, Siemens and Mitsubishi Heavy Industries (MHI) submitted a competing offer for Siemens to acquire Alstom's gas turbine activities for €3.9 billion while MHI would form joint ventures with Alstom, acquiring 40%, 20% and 20% stakes in Alstom's steam and nuclear, electrical grid, and hydroelectric businesses respectively, for €3.1 billion. The proposal included an offer to buy

4992-463: The tariffs. Boeing did not appeal. In July 2018, Airbus acquired a 50.01% stake in the CSeries for one Canadian dollar, with an option to acquire the remaining interest by 2024. Airbus built a second CSeries assembly line at its A320 assembly facility in Mobile, Alabama . In November 2018, the company announced the sale of its turboprop passenger aircraft unit to an affiliate of Viking Air . It also announced 5,000 layoffs. In March 2019,

5070-450: The wooden bodies were replaced with sheet steel, and these vehicles were powered by Chrysler flathead six-cylinder engines and 3-speed manual transmissions. In the early 1950s, Bombardier focused on developing a snowmobile for 1 or 2 passengers. A breakthrough occurred in 1957 when Bombardier developed a one-piece molded rubber continuous track with enough durability to provide snow-gripping traction for lightweight vehicles. The vehicle

5148-456: Was announced that Amtrak would award Alstom a contract for $ 2.5 billion for the next generation high-speed train sets for the Northeast Corridor . This would result in the creation of 750 jobs across upstate New York with 400 direct manufacturing jobs at Alstom. The order for 28 Avelia Liberty trainsets was officially confirmed in August 2016 by Amtrak. These trainsets are manufactured at Alstom's plant in Hornell, New York . In March 2016,

5226-466: Was awarded a $ 429.4 million contract to modernise 85 trains for the Mexico City Metro system. Starting in 2009, Alstom's practices were questioned by the United States Department of Justice (DOJ), which violated the 1977 Foreign Corrupt Practices Act . This American law has extraterritorial scope. At the time, Alstom seemed to cooperate with the proceedings. In 2010, the DOJ opened an investigation into Alstom's commercial practices, focusing on

5304-467: Was called the "Ski-Dog" because it was meant to replace the dog sled for hunters and trappers. However, in 1958, " Ski-Doo " was accidentally painted on the first prototype, and immediately became the popular name. The public soon discovered the great fun of speedy vehicles zooming over snow, and a new winter sport was born, centered in Quebec. In the first year, Bombardier sold 225 Ski-Doos; four years later, 8,210 were sold. Bombardier slowed promotion of

5382-401: Was facing a financial crisis caused by a mix of poor sales and over $ 5 billion of debt liabilities. It reportedly had the potential to force the company's liquidation. These heavy debts were largely due to a $ 4 billion charge over a design flaw in a turbine developed by ABB , acquired by Alstom in 2000, as well as the collapse of customer Renaissance Cruises amid a general downturn in

5460-403: Was finalised on 2 November 2015; the final valuation being €12.4 billion, of which €9.7 billion was transferred to Alstom, the remainder being reinvested in GE/Alstom joint ventures plus other corrections. The acquired businesses were reorganised within GE's existing power generation business ( GE Power & Water ) as GE Power . The remainder of Alstom Group, including GE Signalling (acquired via

5538-410: Was formed from a 50–50 merger of Alsthom and the Power Systems Division of the British General Electric Company ; for Alsthom this move was intended to aid Alsthom in selling its products outside the French market. In May of that year GEC Alsthom bought British rail vehicle manufacturer Metro-Cammell . During the early-1990s, GEC Alsthom was the principal manufacturer of the British Rail Class 373 ,

5616-521: Was founded in Valcourt . During World War II , the Government of Canada issued wartime rationing regulations. Bombardier customers had to prove that snowmobiles were essential to their livelihood in order to buy one. The company then shifted its focus to the arms industry . In 1947, during a blizzard in Saskatchewan , the company received positive press coverage when army snowmobiles resupplied isolated radio communication towers. In 1948,

5694-481: Was in acquisition talks with Alstom for $ 13 billion with the support of 29%-shareholder Bouygues, causing Alstom's share price to rise 18% in one day. On 27 April, Le Figaro reported that a rival 'cash plus asset swap' offer was issued by Siemens , trading Alstom's power business for part of its rail arm, plus a cash offer as good as GE's and job guarantees. Siemens' bid was reportedly promoted by French economic minister Arnaud Montebourg . Siemens and Alstom had

5772-675: Was listed on the Paris Stock Exchange and, later that year, it was rebranded Alstom. At the time, the company was manufacturing railway rolling stock, power generation equipment and ships. In 2003, the company required a €3.2 billion bailout from the French government. As a result, Alstom was compelled to dispose of several of its divisions, including shipbuilding and electrical transmission to Areva , in order to comply with European Union rules on state aid . In 2004, Alstom remained in financial difficulties, having incurred massive unexpected costs (€4 billion) arising from

5850-486: Was listed on the Paris Stock Exchange ; both GEC and Alcatel elected to sell off part of their stakes (23.6% each). Around this time, the company was officially renamed Alstom . In 1999, Alstom bought half of ABB 's power systems division, forming a 50-50 joint company known as ABB Alstom Power. Alstom also bought Canada's Télécité, a passenger information and security solutions company, and sold its heavy-duty gas turbine business to General Electric . The next year,

5928-602: Was sold to Ansaldo Energia , and GE agreed to sell Alstom's rail signalling business. The deal was finalised in November 2015; since then, Alstom has been operating solely in the rail sector. In an attempt to grow its rail business, in late-2017, Alstom announced a proposed merger with Siemens Mobility . However, in February 2019, the European Commission prohibited the merger. Subsequently, in February 2020,

6006-530: Was to cease locomotive manufacturing at its Belfort (France) site by 2018 due to low orders; remaining production activity was to be transferred to its facility of Alstom DDF in Reichshoffen , Alsace . However, during October 2016, the French state placed an order of about €650 million for 15 TGV Euroduplex trains; an order for 20 locomotives; plus an order for 30 intercity trains to be built at Reichshoffen. Together, these orders were sufficient to prevent

6084-464: Was viewed by some as a measure to counter the rise of rival Chinese rail business CRRC ; it reportedly received support from many figures within both the French and German governments. The transaction, which was originally due to close by the end of 2018, was met with opposition by French trade union officials who voiced their concerns that such a merger would have the potential for job losses. On 17 July 2018, Alstom shareholders overwhelmingly approved

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