German Railway Buys 15 High-Speed Siemens Trains

Nov. 24, 2008
Deal is worth $630 million

The German national railway Deutsche Bahn has ordered 15 high-speed ICE trains worth 500 million euros (US$630 million) from Siemens, a spokesman said on Nov. 24.

Initial deliveries are expected in December 2011.

The order will "help maintain German jobs in the midst of the financial crisis," Deutsche Bahn boss Hartmut Mehdorn told the mass circulation daily Bild Zeitung in its edition due out on Nov. 25.

Copyright Agence France-Presse, 2008

Popular Sponsored Recommendations

Q&A - Onsite Wind Generation

Jan. 22, 2024
Dive into EWT's Q&A to understand their wind energy solutions, covering partnerships, maintenance, wildlife impact, timelines, solar comparison, and ROI. Essential for sustainable...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

The Year of Results: Four Expectations for 2024 Manufacturing

Feb. 1, 2024
In 2024 manufacturers will need to focus on results, from achieving operational excellence to enhancing digital transformation, to navigating compliance. Stay ahead with crucial...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!