PARIS/MONTREAL -- France's Alstom has agreed to buy the rail division of Canada's Bombardier for up to $6.7 billion to create the world's No. 2 train manufacturer and better take on Chinese leader ...

French train maker Alstom said on Friday it had completed its previously announced purchase of Bombardier rail business, an acquisition that should make it the world's No. 2 in its industry behind ...

Bombardier has finalized the term of the sale of its rail business to France-based Alstom, in a deal that will see the European trainmaker pay $350 million less that initially expected.

PARIS/MONTREAL, Feb 12 (Reuters) - Alstom's ALSO.PA board will meet late on Wednesday to discuss buying Bombardier's BBDb.TO rail unit, sources familiar with the matter said, and a media report ...

French train-maker Alstom has announced a multibillion-euro offer to buy the rail business of Canadian engineering firm Bombardier, as it tries to bulk up to compete with big rivals, particularly ...

The rail business at Bombardier is booking orders at book to bill ratio greater than 1, and at 1.5 for the most recent quarter.

• Bombardier’s standing with its largest North American customer, the New York Metropolitan Transportation Authority, has been compromised due to manufacturing problems (underframe cracks) on the R179 ...

Bombardier Transportation Spokesperson Maryanne Roberts says the company has provided rail cars to the transit system since 1980. “We’ve already supplied several generations of rail cars to ...

A sale of Bombardier's transportation division to France's Alstrom ends speculation of Textron buying the aviation division. In a move it called a strategic decision to focus on business aviation ...

MONTREAL -- Bombardier Inc. unveiled an aggressive plan to streamline its sprawling rail-equipment division, including cutting 6,600 jobs, or 19% of the unit's work force, and shutting seven ...

The deal gives Bombardier's rail unit an enterprise value - equity plus debt - of $8.2 billion, which would allow the Canadian firm to pay down some of its $9.3 billion in debt.