Alstom and Siemens place their high-speed train technology on the table: sources

The merger has promise since it could create a Franco-German rail company that will be in a better position to compete with China. According to sources familiar with the matter at hand, Alstom and Siemens have offered to divest one of their high-speed train technology in order to address EU antitrust concerns about their merger…

Peugeot SA plans on launching EVs in the U.S.

Having acquired Opel from GM, Peugeot SA is now banking on the expertise of Opel’s engineers to surge back in the race of automated, autonomous self-driving vehicles. In a significant development, Carlos Tavares, the CEO of French automaker Peugeot SA disclosed that it will capitalize on Opel’s engineering know-how to develop electric vehicles and re-enter…