GE Transportation signs third major deal in recent months

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GEVO
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GE Transportation signs third major deal in recent months

Post by GEVO » Sun Feb 25, 2018 8:58 am


Nasadowsk
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Joined: Thu Mar 11, 2004 10:45 pm

Re: GE Transportation signs third major deal in recent month

Post by Nasadowsk » Sun Feb 25, 2018 9:15 pm

Because the real situation at GE is likely a LOT worse than they've been letting on to.

They just restated the last two year's earnings.

The SEC is investigating them.

The DOJ is investigating them.

The situation at Power is probably a lot worse than they want to admit to.

There's been break up talks.

What I wonder is, who the heck would GE sell GETS to? Bombardier can't afford it, Siemens and Alstom don't need it, it doesn't fit with anything CAF or Stadler does. Maybe CCRC, if the Chinese are still in aquisition mode. Or some vulture capital firm.

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umtrr-author
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Re: GE Transportation signs third major deal in recent month

Post by umtrr-author » Tue Mar 06, 2018 3:24 pm

Nasadowsk wrote: What I wonder is, who the heck would GE sell GETS to? ... Or some vulture capital firm.
Ding ding ding...
George in Rochester NY
The Unofficial Micro-Trains Release Report (among other things)

Hux
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Joined: Wed Jul 16, 2008 2:46 pm

Re: GE Transportation signs third major deal in recent month

Post by Hux » Tue May 22, 2018 3:14 pm

According to the Boston Globe, and Wall Street Journal Wabtec is the winner.[URL] https://www-wsj-com.cdn.ampproject.org/ ... 1526904626" onclick="window.open(this.href);return false; [URL]

D40LF
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Re: GE Transportation signs third major deal in recent month

Post by D40LF » Thu May 24, 2018 9:37 pm

Apparently, GE has scored another new contract. KCS has ordered 50 new units for delivery next year, which will supposedly be a mixture of Tier 4 Credit and Tier 4 units.

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