Siemens lands $3.4 billion hybrid train order from U.S. Amtrak

Published 07/07/2021, 10:12 AM
Updated 07/07/2021, 10:15 AM
© Reuters. FILE PHOTO: An Amtrak train is parked at the platform inside New York's Penn Station, the nation's busiest train hub, July 7, 2017. REUTERS/Brendan McDermid

MUNICH (Reuters) - Siemens Mobility said on Wednesday it had landed a $3.4 billion order from U.S. national rail transportation company Amtrak for 73 trains that will be powered by hybrid engines.

The order for the trains, which will play a transport corridor in the U.S. northeast, has an option to be expanded by up to 140 more units, Siemens Mobility said in a statement.

"The new trains will fundamentally change travel by rail. We will replace our 40- to 50-year-old fleet with modern U.S.-made trains and systems," said CEO Bill Flynn of Amtrak.

© Reuters. FILE PHOTO: An Amtrak train is parked at the platform inside New York's Penn Station, the nation's busiest train hub, July 7, 2017. REUTERS/Brendan McDermid

Siemens Mobility said the order, its largest ever in the United States, would include maintenance and service.

"We believe that battery hybrid drives and dual-power trains will play an important role in reducing emissions and protecting the environment in the United States," said Michael Peter, CEO of Siemens Mobility.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.