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Cincinnati boss will not oppose the defeat of the train combined with Alastom
Simman Bose Joe Casser is not thinking about the defeat in Zugfusion, which he considered with the French company Alasto. In an interview with Bloomberg, news agency Bloomberg said that he attended the annual meeting of the World Economic Forum in Davos. However, his "operational ideology" merger was successful.
The European Commission is concerned about the competition
Zugfusion of two companies is suspicious due to legal issues with the European Commission competition. Recently the company said it will not give more concessions to Siemens and ATM. Now a person is waiting for the Commission's decision.
By merging Zugsparten, both companies want to face an increasing global competition, particularly from China. Seeman is assuming that CRRC, the world's largest train manufacturer in the long run, has been involved in high-speed trains in Europe. French and German governments support this project.
The authorities fear that high speed trains between TGV and ICE will be combined with trains and signaling within the European Union. Therefore, the two parts of these industry units are demanded to be given to the competitors. According to Sony's own statement, nearly 600 million euros are sold.
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