As I drove by the abandoned Rona home improvement store in my community, I wondered if the sale of Bombardier to Alstom would result in substantial job losses in Canada. In 2016, the American hardware giant Lowe’s bought Quebec-based Rona Inc. The result was the closing of 34 stores. In 2017, the transportation giants France based multinational Alstom and Germany based multinational Siemens AG wanted to merge to fight off the growing threat of the national Chinese rail company, China Railway Rolling Stock Corporation (CRRC). Bombardier was also trying to merge with Siemens AG. Siemens AG picked Alstom to merge their train divisions with. European competition authorities nixed the idea. Now France-based multinational Alstom has come to an agreement to buy the half-a-century-old train division of Bombardier Transportation for US $6.7 billion. According to the Montreal Gazette newspaper, the deal will see the Caisse de dépôt et placement du Québec become Alstom’s biggest shareholder ...
HIGH SPEED RAIL CANADA is the only national educational resource on high-speed rail, high-speed trains, TGV, past studies and current information.