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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (964)	1/27/2002 4:01:47 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Ajusts Plans in Accordance With the New Deutsche Bahn 10-Billion Euro Investment Program in Germany BERLIN, GERMANY--JANUARY 27, 2002 - 13:50 EST On November 13, 2001, Bombardier Transportation announced its new manufacturing strategy for Europe which entails the concentration of capital-intensive activities such as carbody and bogie production in specialized sites and the optimal use of its extensive manufacturing network across Europe for final assembly activities. The December 2001 announcement of the Deutsche Bahn AG 10-billion Euro investment program for renewal of rolling stock over the next years changed the German market profile in terms of volume and timing. On-going discussions with interested parties have allowed Bombardier Transportation to validate its new assessment of the market for rolling stock equipment in the next three years. Based on these circumstances, Bombardier Transportation concluded that its Ammendorf site should complete the orders already in production, be retained for final assembly activities to the extent warranted by additional demand and gradually be converted into its main refurbishment and services location in Germany. Regrettably, these new market conditions will not take effect soon enough to prevent a reduction in workforce at the Ammendorf plant in 2002. Bombardier Transportation is the global leader in the rail equipment, manufacturing and servicing industry. Its wide range of products includes passenger rail cars and complete rail transportation systems. It also manufactures locomotives, freight cars, propulsion & controls and provides signaling equipment and systems. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia- Pacific and revenues for its fiscal year ended Jan. 31, 2001 totaled $16.1 billion Cdn.

To: Gilbert Drapeau who wrote (964)	2/14/2002 11:04:14 AM
From: Gilbert Drapeau	Read Replies (3) \| Respond to of 1177

Bombardier Signs a Contract Worth up to $962 Million for the Supply of Diesel-Electric Multiple Unit Cars for the United Kingdom MONTREAL, QUEBEC--FEBRUARY 14, 2002 - 10:02 EST Bombardier Transportation announced that it has been awarded a contract for the provision of 127 diesel-electric multiple unit cars for HSBC Rail UK Limited, to be operated by the UK's Midland Mainline. The value of the contract, which also includes an initial four-year maintenance portion, is worth approximately $512 million Cdn (225 million pounds sterling), rising to a potential $962 million Cdn (423 million pounds sterling) if the maintenance portion is extended to its maximum of 15 years' duration. Deliveries of the units will commence in the second quarter of 2004, with the total 127 cars delivered by January 2005. The 200 km/h units will be operated by Midland Mainline for use on their routes from Sheffield, via Derby and Nottingham, to London. Midland Mainline is owned by National Express Group, a global rail and bus operator. Financing for the contract is being provided by HSBC Rail (UK) Limited, part of HSBC Group, who will lease the trains to Midland Mainline. President of Bombardier Transportation, Intercity, Rik Dobbelaere, commented: "This is extremely good news for Bombardier Transportation and I am delighted that HSBC, National Express Group and Midland Mainline have shown confidence in selecting Bombardier Transportation for this contract. We have a particularly good track record of delivering this type of product on time and to the highest quality." The diesel-electric multiple units, which are based on Bombardier's highly successful, proven design, will be manufactured at Wakefield, UK and Bruges, Belgium. Bombardier's Central Rivers maintenance facility in the UK will also play a major part in the maintenance of the trains. Bombardier Transportation is the global leader in the rail equipment, manufacturing and servicing industry. Its wide range of products includes passenger rail cars and complete rail transportation systems. It also manufactures locomotives, freight cars, propulsion & controls and provides signaling equipment and systems. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific and its revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn.