Tag: TGV trains

Alstom, Siemens merge to create new European rail champion

by Julie Chabanas and Adam Plowright Agence France-Presse PARIS, France (AFP) — The maker of France’s TGV trains announced Tuesday a “merger of equals” with German industrial leader Siemens in a giant and politically tricky deal to create a new European rail champion. The state-controlled Alstom, the manufacturer of French high-speed trains, which are a source of national pride, called the tie-up with its German competitor “a key moment in Alstom’s history, confirming its position […]