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Unfortunately, train manufacture is not that profitable, due to uncertainties and usteadiness in getting orders (if a government's savings programme includes stopping orders, production can collapse). The nineties European merger mania that ended in Bombardier's European branch also involved a lot of closures. Both Siemens and Alstom's rail divisions were once near the (financial) brink in the last ten years. Here in Hungary, there was a large manufacturer called Ganz-MÁVAG (comparable to Skoda), which was bought by Hunslet of Britain upon hopes that British rail privatisation will bring them a lot of orders, but that didn't came to be, and the company is practically dead.

BTW, I add one more name to remember to the list: ROTEM of South Korea, which could even become another all-round manufacturer.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Nov 30th, 2006 at 05:00:56 AM EST
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