By Walt Hickey Trains Bombardier announced it will sell its train business to the French company Alstom SA, a move that will net it $4.5 billion. The company is best known for making high-speed trains and failing to make New York City subway cars. The company had been weighing whether to sell its train business to Alstom or its plane business to Textron. Last week, it also announced it was selling its stake in the commercial plane business to Airbus, and now is a smaller, more nimble company fighting for a stake of the $20 billion global market for new business jets. Bombardier — which makes Learjet, Global and Challenger — will see its annual revenue more than halved from the $15.8 billion it made in 2019 as a result of the sales, but will also enjoy a major reduction to its debts. Let this be a lesson to all of us: to succeed in business, stay as far away as humanly possible from relying on the New York City MTA.
Because I'm the eternal pessimist, I've often wondered why one of our foreign adversaries hasn't simply caught a bunch of locust and released them in the Midwest. By the time the problem was recognized, it would be out of control.
These are the types of things that keep me up at night.............
Because I'm the eternal pessimist, I've often wondered why one of our foreign adversaries hasn't simply caught a bunch of locust and released them in the Midwest. By the time the problem was recognized, it would be out of control.
These are the types of things that keep me up at night.............