Buoyed by a strong balance sheet, Italian State Railways (FS) is currently embarking on an ambitious programme of restructuring, infrastructure investments and service improvements. A year since his appointment as CEO, Michele Elia speaks exclusively to Kevin Smith about how the railway is progressing with these plans.
FINMECCANICA CEO Mr Mauro Moretti has invited bidders to submit binding offers within the next few days for the acquisition of AnsaldoBreda and its 40% stake in Ansaldo STS, according to reports in the Italian financial press.
AnsaldoBreda has generally hit the news headlines for all the wrong reasons in recent years. But with a sale of the company now appearing a distinct possibility, significant restructuring work has taken place behind the scenes to secure the manufacturer's long-term future, as Kevin Smith and Marco Chiandoni discover.
NETHERLANDS Railways (NS) and Finmeccanica, the parent company of Italian rolling stock manufacturer AnsaldoBreda, have reached a settlement on the future of the V250 Fyra high-speed trains and the cancellation of the contract by NS.