INDBInternet News Database 2.5 Updated 3 min ago · 414 sources Show or hide images Light or dark

French Rail Giant Alstom Crashes On "Painful" Second Warning

1 source1 article First seen Updated France Truth score 16

Save Compare coverage
Image from Zero Hedge

Summary

French Rail Giant Alstom Crashes On "Painful" Second Warning Alstom shares crashed in European trading after costly delays on German train orders forced the French train manufacturer and rail-equipment supplier to slash its earnings outlook (again) , forecast a 1.5 billion euro cash burn, and signal plans to sell assets to shore up its balance sheet. Alstom's problems center on its Coradia Max regional trains , where engineering issues discovered during production required expensive retrofits. The disruption has spread to other German projects, sparking delays and penalties and pushing the…

Description from Zero Hedge.

Who is covering this

  1. Zero Hedge Right Factuality: Low US
    French Rail Giant Alstom Crashes On "Painful" Second Warning

    French Rail Giant Alstom Crashes On "Painful" Second Warning Alstom shares crashed in European trading after costly delays on German train orders forced the French train manufacturer and rail-equipment supplier to slash its earnings outlook (again) , forecast a 1.5 billion...

    Low reliability sourceElevated risk