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Bombardier’s quarterly profit takes off with pricier jet deliveries
A view of the administration building of the Bombardier Group in Henningsdorf, Germany, Tuesday, feb. 18, 2020. French train maker Alstom has announced an offer to buy the train business of Bombardier, the Canadian aerospace and engineering company. Alstom makes the French TGV high-speed trains, said Monday it has signed an agreement with a view to the acquisition of 100% of Bombardier Transportation for about 6 billion euros. (Paul Zinken/dpa via AP)
report on business
Alstom plans a pilot project in Quebec to run a hydrogen-powered train
A picture taken on February 1, 2023 shows the first tests of Alstom's Coradia ilint Hydrogen train between Reignac-sur-Indre and Loches, central France. - French engineering giant Alstom launched on February 1 a three days of testing on France's rail network for the Coradia ilint Hydrogen train, which will run until February 3. (Photo by GUILLAUME SOUVANT / AFP) (Photo by GUILLAUME SOUVANT/AFP via Getty Images)
opinion
Need for speed: Alstom wants Ottawa to go all-in on high-speed rail project
Konrad Yakabuski
energy and resources
EU launches €5.4-billion hydrogen project with Alstom, Daimler and others
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 17, 2022. REUTERS/Yves Herman
report on business
Alstom appeals to international court to resolve dispute with Bombardier
The Bombardier FV-Dosto double-deck train "Ville de Geneve" of Swiss railway operator SBB is seen at the central station in Zurich, Switzerland April 29, 2019. REUTERS/Arnd Wiegmann
report on business
Bombardier shares drop as Swedish corruption probe unfolds
A Bombardier plant is seen in Montreal on Thursday, Feb. 11, 2021. Bombardier Inc. reported a third-quarter loss of US$377 million compared with a profit of US$192 million a year ago. THE CANADIAN PRESS/Paul Chiasson
report on business
Former top Bombardier employee charged in Swedish corruption probe
FILE PHOTO: Bombardier's logo is seen on the building of the company's service centre at Biggin Hill, Britain March 5, 2018. REUTERS/Peter Nicholls/File Photo
report on business
Bombardier unloading stake in France’s Alstom, closing the books on its rail business
FILE PHOTO: A Bombardier advertising board is pictured in front of a SBB CFF Swiss railway train at the station in Bern, Switzerland, October 24, 2019. REUTERS/Denis Balibouse/File Photo
industry news
Rail manufacturer lays off 70 workers at Quebec factory after wire stolen in Mexico
Montreal Metro cars are shown at a maintenance garage in Montreal, Wednesday, April 10, 2019. THE CANADIAN PRESS/Graham Hughes
report on business
Fight for flight in sight: Companies squabble over deal terms
A Bombardier plant is seen in Montreal on Friday, June 5, 2020. Bombardier named veteran executive Bart Demosky as chief financial officer, effective immediately. THE CANADIAN PRESS/Paul Chiasson
report on business
Alstom CEO says ‘several years’ needed to fix Bombardier’s rail business, but no plans to shut Ontario, Quebec plants
CEO of French train maker Alstom, Henri Poupart-Lafarge looks through the window during the first run of Alstom's first hydrogen-powered train on September 16, 2018 near Bremervoerde, Germany.
report on business
Bombardier and Alstom say $8.4-billion rail deal has all necessary regulatory approvals
FILE PHOTO: A worker stands in the doorway of a train at the Bombardier plant in Derby, central England, July 5, 2011. REUTERS/Darren Staples
report on business
Bombardier’s deal with Spirit cast in doubt
Boeing 737 fuselages sent from Spirit Aerosystems in Wichita, Kansas sit in a BNSF rail siding near Boeing’s Factory in Renton, Washington, U.S. May 16, 2019. Picture taken May 16, 2019. REUTERS/Eric Johnson
report on business
Bombardier strikes firm deal to sell rail business to Alstom at lower price
This photo taken on Aug. 25, 2020, shows the first Omneo Premium Regio 2N train in Orleans, central France.
report on business
Alstom SA might push for better terms in Bombardier train takeover
FILE PHOTO: An employee of French engineering group Alstom works on an Euroduplex TGV train (high speed train) at the plant in Aytre near La Rochelle, Southwestern France, August 31, 2016. REUTERS/Regis Duvignau
inside the market
What every Canadian investor needs to know today
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson
report on business
EU clears Alstom $11.8-billion takeover of Bombardier’s train business
FILE PHOTO: The logo of Alstom is seen on the high-speed train TGV factory of the company in Belfort, France, February 6, 2019. REUTERS/Vincent Kessler/File Photo
report on business
EU to clear with conditions Alstom, Bombardier deal, sources say
(FILES) This file photo taken on December 19, 2016 shows the logo of Alstom at the Alstom-Transport plant in Reichshoffen, eastern France. - Alstom has announced on July 9, 2020 that he was going to propose to the European Commission to divest the Reichshoffen plant in order to buy Bombardier Transport, in compliance with competition law, AFP reports. (Photo by PATRICK HERTZOG / AFP) (Photo by PATRICK HERTZOG/AFP via Getty Images)
report on business
Bombardier secures new credit worth $1-billion, burns through less cash
FILE PHOTO: A Bombardier advertising board is pictured in front of a SBB CFF Swiss railway train at the station in Bern, Switzerland, October 24, 2019. REUTERS/Denis Balibouse
european business
Alstom expects EU approval for Bombardier deal by end of July
FILE PHOTO: An employee of French engineering group Alstom works on an Euroduplex TGV train (high speed train) at the plant in Aytre near La Rochelle, Southwestern France, August 31, 2016. REUTERS/Regis Duvignau/File Photo
european business
EU regulators to decide by July 31 on Alstom, Bombardier deal
FILE PHOTO: Visitors walk next to a Bombardier ZEFIRO 380 (L) and a Alstom 4th generation Pendolino high speed trains at the Innotrans 'International Trade Fair for Transport Technology - Innovative Components, Vehicles, Systems' in Berlin September 21, 2010. REUTERS/Fabrizio Bensch/File Photo
european business
Alstom offers French factory sale to clinch Bombardier deal
An employee observes a train during the renovation presentation of the Ile-de-France's RER B trains at the Alstom factory in Reichshoffen, eastern France on Oct. 4, 2019.
streetwise newsletter
Streetwise newsletter: Investors propose competing $58-million Torstar bid
The Toronto Star building is shown in Toronto on June 8, 2016. Torstar Corp. says it had a $17.4 million loss attributable to equity shareholders in the second quarter, as revenue dropped 11 per cent compared with the same time last year and restructuring expenses increased. THE CANADIAN PRESS/Eduardo Lima
report on business
Alstom to offer sale of French rail factory to win Bombardier unit buy, sources say
FILE PHOTO: Visitors walk next to a Bombardier ZEFIRO 380 (L) and a Alstom 4th generation Pendolino high speed trains at the Innotrans 'International Trade Fair for Transport Technology - Innovative Components, Vehicles, Systems' in Berlin September 21, 2010. REUTERS/Fabrizio Bensch/File Photo
report on business
Bombardier chairman defends $17.5-million severance package for former CEO
(FILES) In this file photo a Bombardier hangar is seen on the tarmac at the Montreal Pierre Elliott Trudeau International Airport July 4, 2018. - Bombardier said March 24, 2020 it will halt its aircraft and trains assembly lines in Canada after Quebec and Ontario ordered all non-essential businesses shut to stem the coronavirus pandemic. The measure was to take effect at 11:59 pm (0359 GMT Wednesday) and last until April 26, according to a statement."This suspension includes Bombardier's aircraft and rail production activities in the provinces of Quebec and Ontario," it said. (Photo by Eva HAMBACH / AFP) (Photo by EVA HAMBACH/AFP via Getty Images)
european business
EU regulators to decide on Alstom, Bombardier deal by July 16
A view of the administration building of the Bombardier Group in Henningsdorf, Germany, Tuesday, feb. 18, 2020. French train maker Alstom has announced an offer to buy the train business of Bombardier, the Canadian aerospace and engineering company. Alstom makes the French TGV high-speed trains, said Monday it has signed an agreement with a view to the acquisition of 100% of Bombardier Transportation for about 6 billion euros. (Paul Zinken/dpa via AP)
report on business
Bombardier strikes deal to compensate several executives after sale of train division next year
Bombardier President and CEO Alain Bellemare attends the company's annual general meeting in Montreal, Thursday, May 2, 2019. THE CANADIAN PRESS/Graham Hughes
inside the market
Market movers: Stocks that saw action on Tuesday - and why
Marijuana plants are displayed for sale at Canna Pi medical marijuana dispensary in Seattle.
report on business
Alstom to stick to financial terms of rail deal with Bombardier
FILE PHOTO: A worker walks in front of a Bombardier advertising board at the SBB CFF Swiss railway train station in Bern, Switzerland, October 24, 2019. REUTERS/Denis Balibouse