Posted inChina, European Union, Germany, World

Feuding European rail firms unite in fight against China’s CRRC

Germany’s Siemens AG and French rival Alstom SA have announced a deal to merge their rail operations, forming a European champion that could better compete with China’s state-owned CRRC, Reuters reports. The deal has also been hailed as a Franco-German industrial breakthrough for French President Emmanuel Macron. The European train makers, along with Canada’s Bombardier, […]