Bombardier sheds biggest division as Alstom buys train-making unit
Under the agreement, Bombardier’s transportation unit will be sold to Alstom for US $8.2 billion. Continue reading
Bombardier
Bombardier exits commercial aviation as it sells C Series stake
Bombardier Inc. is set to report earnings today as rumours continue to swirl around the potential sale of one of its two main divisions. Continue reading
Bombardier to make a ‘positive’ announcement this week, says Quebec economy minister
Quebec Economy Minister Pierre Fitzgibbon says “positive” news for the province will likely be announced Thursday by Bombardier. Continue reading
Quebec premier watching Bombardier’s financial situation ‘very closely’
Quebec Premier François Legault says he’s watching the financial situation at Bombardier Inc. “very closely.” Continue reading
Bombardier’s shares plunge after it slashes earnings forecast for 2019
Bombardier says it expects its financial results for 2019 will fall short of its earlier guidance. Continue reading
New York City pulls 300 Bombardier subway cars amid safety concerns
The incidents caused no injuries and New York City Transit redeployed spare cars to service the morning rush hour, he said. Continue reading
Bombardier joint venture awarded $427M high-speed train contract in China
Montreal-based Bombardier says the contract for 160 rail cars — to be made in China and with an operating speed of 350 km/h — will be completed by mid-2020. Continue reading
Bombardier agrees to sell Mexican wiring operation to French manufacturer Latecoere
Bombardier has agreed to sell a Mexican operation that makes electrical wiring systems for its planes to Latecoere. Continue reading
Bombardier to build flagship business jet in new $350M plant at Toronto Pearson airport
Preliminary work is underway at the new site in Mississauga with production scheduled to begin in 2023, the company announced Wednesday. Continue reading
Quebec has no plans to offer struggling SNC Lavalin a bailout, says minister
Quebec Economy Minister Pierre Fitzgibbon says the Montreal-based company faces “obvious operational problems” but is not under financial stress that requires a bailout. Continue reading