Alstom's Update on the REM Situation [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
NASDAQ:AMEX Investor Relations:
alstom.com/investor-relations
Company Research
Source: Yahoo! Finance
As the train supplier, Alstom acknowledges that the REM has not yet delivered the level of reliability that passengers have a right to expect. These issues are different from those encountered last winter, which have been fully resolved. Given their nature and the experience gained on the South branch, our teams believe they will be easier to resolve than those encountered last winter. The issues are twofold: Replacement of defective components on certain trains, primarily related to the sealing of electronic elements, which are the cause of the vast majority of service interruptions. These replacements will be completed in the coming days. Improvement of service performance during this initial testing phase of a new system that is experiencing isolated operational challenges. Alstom experts are supporting the Pulsar teams to expedite a return to normal service. The top priority for Alstom and Pulsar, the REM operator, is to provide reliable, frequent, and efficient service to
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News
- Denver Int'l Airport replacing last of original train cars [CBS News]CBS News
- Alstom's Update on the REM Situation [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Alstom says it is working to fix issues plaguing Montreal's REM light-rail network [Yahoo! Finance Canada]Yahoo! Finance Canada
- Kepler Cheuvreux downgrades Alstom, flags execution risks and weak cash [Yahoo! Finance]Yahoo! Finance
- Canada Highlights the First Investment Under the Buy Canadian Policy [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The