Bombardier Likely To Lose $1 Billion Via Rail Order To German-Based Siemens AG

Another impending failure by Bombardier’s incompetent execs.

Bombardier looks likely to suffer another embarrassing failure.

This time, it’s the loss of a $1 billion order.

The order is from Via Rail, which – despite being state owned – is unable to favour Bombardier in the bidding process due to free trade rules.

Via Rail is upgrading their passenger fleet, and a report in the La Presse newspaper says the order is likely to be given to Siemens AG – a German based company.

As noted by Bloomberg, “Losing the Via Rail order would hand Bombardier a second high-profile setback in its home country in a matter of months. In February, Caisse de Depot et Placement du Quebec, Canada’s second-largest public-pension manager, picked Alstom SA of France to build trains for a $6.3 billion automated light-rail system it’s building in and around Montreal.”

Once again, Bombardier’s incompetent executives have failed.

They can’t even win contracts in their own country.

All they’re good at is getting bailouts and paying themselves bonuses.

How do any of those execs still have jobs?

Spencer Fernando

Photo – YouTube