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‘It was the crown jewel': Inside Britain's last train makers – and why French bosses are closing it [Yahoo! Finance]

ALSTOM UNSP/ADR (ALSMY) 
NASDAQ:AMEX Investor Relations: alstom.com/investor-relations
Company Research Source: Yahoo! Finance
the city centre; just last year, Derby was chosen as the new location for Great British Railways headquarters. At the centre of this legacy is the 90-acre factory on Litchurch Lane, owned by French train maker Alstom. Here, generations of Derby natives have designed, built, tested and exported trains – making it the only factory in Britain handling all parts of the process. Locomotives for London Midland, Elizabeth Line, Crossrail, and West Midlands Railway were all built here, to name a few. In 2022, the factory built and exported its first batch of monorail trains to Cairo, Egypt. Now, the warehouse set aside for the project, like others on the site, is empty, and the once-buzzing factory is all but silent The last order of 2,660 Aventura carriages was completed last month, and there is no more work in the pipeline. Delays to HS2 have left the firm facing an 18-month gap until the next contract. Alstom has warned the Government that it is planning to mothball the factory, leav Show less Read more
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