GE and China's CSR will partner on a venture for high-speed rail

12/7/2010 | Bloomberg

General Electric and Chinese rail-car maker CSR said they will pump $50 million into a U.S. joint venture that will make trains for high-speed lines. GE said it expects the partnership to help maintain or create 250 jobs by 2012, largely at factories in Pennsylvania. The team also plans to bid for contracts in multibillion-dollar high-speed rail projects in Florida and California.

View Full Article in:

Bloomberg