Siemens, Cummins win locomotive order, Caterpillar complains


Siemens (SI) has received a €165M ($230M) order from five U.S. states for 32 diesel-electric passenger locomotives that will be powered by engines from Cummins (CMI).

The deal includes options for an extra 225 locomotives, which could be worth at least $1.5B.

Siemens' confirmation comes a day after Caterpillar (CAT) said it had filed a complaint about the decision, arguing that various procedures and requirements were ignored in the assessment of the German company's offer.

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Comments (5)
  • richx
    , contributor
    Comments (4) | Send Message
     
    Bet the Pres and Merkel had a hand in this.
    18 Mar 2014, 08:41 AM Reply Like
  • nino91007
    , contributor
    Comments (418) | Send Message
     
    CAT seems to be losing it in all fronts. Revenues falling profits declining but the stock price is holding up which makes me wonder what's going up.
    18 Mar 2014, 08:45 AM Reply Like
  • StayCool
    , contributor
    Comments (214) | Send Message
     
    I am surprised that GE didn't win this!!
    18 Mar 2014, 09:44 AM Reply Like
  • hallman70
    , contributor
    Comments (2) | Send Message
     
    US States.....Foreign company gets contract. How is that for adding jobs and improving the economy?
    18 Mar 2014, 03:30 PM Reply Like
  • CATCMI
    , contributor
    Comment (1) | Send Message
     
    Siemens is a Global Company with employees in the United States. Cummins is also supplying the Engines and is a Global Company with their Global Headquarters and many manufacturing facilities in Indiana and throughout the US.
    19 Mar 2014, 04:47 PM Reply Like
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