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Tesla Announces a Five for One Stock Split

WIL BALDWIN August 12, 2020

PALO ALTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make…

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Siemens Mobility Awarded Billion-Euro Order for Deutsche Bahn High-Speed Trains

WIL BALDWIN August 10, 2020

Beginning in 2022, DB will expand its mainline fleet with 30 new high-speed trains. Deutsche Bahn has awarded the billion-euro order to Siemens Mobility. DB called for tenders at the end of 2019 when the…

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Amtrak Prepares for New Diesel Locomotive Fleet

WIL BALDWIN August 6, 2020

Amtrak today released renderings and other information about the first of the diesel-electric locomotives that will replace the current fleet on the National Network, including all long distance and many state-sponsored routes. Five of the…

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European Commission Clears Alstom’s acquisition of Bombardier Transportation

WIL BALDWIN August 3, 2020

Alstom and Bombardier welcome the European Commission’s (EC) decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom. The Commission’s approval for the transaction is conditional on the proposed engagements that consist…

Alstom Delivers New Tramways for Dublin, Ireland

WIL BALDWIN August 2, 2020

55 meters: the longest Citadis tram in the world Up to 98% recyclableAlstom will extend 26 existing vehicles Alstom has delivered the first of eight new Citadis tramways to Dublin, as part of a partnership with Transport…

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Tesla Reports Q2 Profit, Announces Texas Gigafactory

WIL BALDWIN July 26, 2020

Tesla (TSLA) posted a surprise second-quarter profit last week on cost cutting and strong deliveries, offsetting the effects of its Covid-19 related factory shutdowns. The report may help the electric vehicle manufacturer gain inclusion into…

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DHL Express Increases Capacity with Boeing Converted Freighters

WIL BALDWIN July 22, 2020

DHL Express and Boeing [NYSE: BA] announced that it will add four 767-300 Boeing Converted Freighters (BCF) as part of the logistics company’s efforts to continue modernizing and growing its fleet with cost-efficient and reliable…

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Alstom to Supply Taipei Integrated Metro Line 7 Extension

WIL BALDWIN July 18, 2020

The Alstom-led consortium with Taiwanese engineering and contracting services company CTCI reached contractual close on 23 June 2020 for the Phase Two extension of Taipei Metro Line 7. The contract is valued at close to…

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Inauguration of Dubai Route 2020 Metro

WIL BALDWIN July 15, 2020

Alstom-led consortium delivers extension of Dubai Metro Red Line A full turnkey integrated system15km-long50 Metropolis trainsetsTotal value of the project is €2.6 billion Alstom congratulates Dubai’s Roads and Transport Authority (RTA), on the inauguration of…

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Embraer Delivers 1,600th E-Jet to Helvetic Airways

WIL BALDWIN July 8, 2020

Embraer celebrated today the delivery of its 1,600th E-Jet, an E190-E2. Helvetic Airways of Switzerland received the milestone aircraft. Airlines and leasing companies from some 50 countries have added Embraer E-Jets to their fleets since…