LEIPZIG Transport authority has sold a 51% stake in its Leoliner Fahrzeug-Bau Leipzig subsidiary to crane builder Kirow Leipzig for an undisclosed price.
An additional 25% stake will be transferred in July 2008 under the terms of the agreement which was announced on January 25, and this will be followed by a further 14% in 2010. LVB will retain a 10% shareholding in the company, which produces the Leoliner NGTW6 low-cost 60% low-floor tramcar (RG 1.04 p8).
INTERNATIONAL: ‘Beware of trains. Life can change in a split second’ is the slogan for the 16th International Level Crossing Awareness Day, which this year has a particular emphasis on the safety of vulnerable people. Around 50 countries take part in the annual ILCAD campaign which ...
INDIA: The AT Railway a subsidiary of Amber Enterprises India has signed a joint venture agreement with South Korea’s Yujin Machinery to design, manufacture, and develop critical components for various types of rolling stock used in India. The joint venture will focus on components such as ...
EUROPE: Austrian Federal Railways has put into service the first of its updated Railjet trainsets on services linking Germany, Austria and Italy. Toma Bačić rode on a preview run between München and Verona on April 5.
