BuslistThe business rumor mill this AM has GE in talks to acquire Alstom. If this occurs it will a bring a significant increase to GE's railroad products portfolio, from locomotives to signaling and including high speed passenger train sets. This will put GE back in the passenger business.
More importantly put the US back in the rail passenger business aside from bickering.
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Ligh rail cars, rapid transit cars, and equipment for trolleybuses
Sorry, the purchase will most likely NOT include Alstom's transportation division. See below.
General Electric Co. (GE) is in talks to buy Alstom SA (ALO), the French builder of power plants and transmission gear, people with knowledge of the matter said, in what would be GE’s biggest acquisition ever.
An agreement may be announced as early as next week, said the people, who asked not to be identified because the talks are private. The deal may result in a separation of Alstom’s transport business, which manufactures high-speed TGV trains, to make obtaining the approval of the French government easier, one of the people said. Alstom’s other assets represent more than 70 percent of sales.
If anyone reads french, the newspaper 'Le Monde' has some more info about this subject.
It seems that Sieins is ready to respond to GE's bid. I'm going to post the direct links from the aforementioned newpaper here. Anyway, the access to articles is limited for non payable users
http://www.lemonde.fr/economie/article/2014/05/02/interet-de-siemens-pour-alstom-les-medias-allemands-circonspects_4410575_3234.html?xtmc=alstom&xtcr=1
Also Finantial times has something about Siemens 'counter atack' : http://www.ft.com/cms/s/0/2d8d4360-cdee-11e3-9dfd-00144feabdc0.html#axzz30Yy48zLw
Anyway, there seems to be some sort of 'tug of war' in the horizon upon this matter
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