Following positive progress on antitrust regulation process, the closing of the transaction is now expected for Q1 2021, subject to regulatory approvals and customary closing conditions, with an extraordinary shareholders’ meeting to be held in October.
Closing of the acquisition of Bombardier Transportation remains on track for the first half of 2021.
Initially created to enable a standardized European cross-border rail traffic, the use of ETCS is set to safely increase speed, reliability, and capacity.
The series of tests is being performed at night at up to about 87 miles per hour without passengers.
The agreement would create the world's No. 2 train manufacturer and better take on China's CCRC Corp.
Train to travel from New York to Colorado ahead of 2021 launch.
Work will focus on onboard facilities, with passengers benefitting from more comfortable seating, improvements to the shop, and more.
The approximate 19-mile system now includes 46 stations serving residential areas, universities, and the Shanghai metro.
The confirmed part of the contract covers the delivery of 44 trains for a sum of over $587 million, which may be supplemented by options exercised for a total of up to 410 trains.
The tests will be carried out on the track between Groningen and Leeuwarden at up to approximately 87 mph and will last about two weeks.