Siemens and Alstom Form European Train Giant to Beat Chinese Competition

Once, the merger of two iconic European companies might well have been derailed by regional political rivalries. But in the case of a deal between Siemens and Alstom, those concerns have receded in the face of a larger threat: China. The proposed merger of Europe’s two largest train makers, one German and one French, demonstrated on Wednesday that economic imperatives are …

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