Seeking Alpha

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.
Comments (5)
  • richx
    , contributor
    Comments (3) | Send Message
     
    Bet the Pres and Merkel had a hand in this.
    18 Mar, 08:41 AM Reply Like
  • nino91007
    , contributor
    Comments (237) | 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, 08:45 AM Reply Like
  • StayCool
    , contributor
    Comments (108) | Send Message
     
    I am surprised that GE didn't win this!!
    18 Mar, 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, 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, 04:47 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector