- Aug 6, 2012
- 27,891
- 24,697
- 2,405
Not good Canada. We are already getting crushed economically. We don't have talent anymore, or if we do, they are stuck doing something they are over qualified for.
Notice this in the article:
Maryanne Roberts, a spokeswoman for Bombardier, blamed the latest issue on Kangni Mechanical & Electrical Co Ltd., a China-based company that she said supplied the problematic doors. Executives there weren’t immediately available for comment. Roberts said Bombardier would inspect all of its New York subway cars to ensure safety.
'Bombardier sold us lemons': NYC pulls 300 subway cars off the rails - BNN Bloomberg
“Bombardier sold us lemons,” Stringer said in a statement today. The comptroller, who’s considering running for mayor next year, also said the company’s poor performance was due in part to the MTA’s “layers of mismanagement.”
The company’s stock was trading at about $1.87 as of 12:38 p.m. New York time, down about 3 per cent from its $1.93 close on Tuesday.
The shares plunged to an eight-month low on Aug. 1 after Bombardier incurred about US$300 million in unanticipated costs in its rail-equipment division that forced the company to cut its financial forecasts. The company had also stumbled in performing on contracts in Toronto and on a railroad contract in Switzerland.
Notice this in the article:
Maryanne Roberts, a spokeswoman for Bombardier, blamed the latest issue on Kangni Mechanical & Electrical Co Ltd., a China-based company that she said supplied the problematic doors. Executives there weren’t immediately available for comment. Roberts said Bombardier would inspect all of its New York subway cars to ensure safety.
'Bombardier sold us lemons': NYC pulls 300 subway cars off the rails - BNN Bloomberg
“Bombardier sold us lemons,” Stringer said in a statement today. The comptroller, who’s considering running for mayor next year, also said the company’s poor performance was due in part to the MTA’s “layers of mismanagement.”
The company’s stock was trading at about $1.87 as of 12:38 p.m. New York time, down about 3 per cent from its $1.93 close on Tuesday.
The shares plunged to an eight-month low on Aug. 1 after Bombardier incurred about US$300 million in unanticipated costs in its rail-equipment division that forced the company to cut its financial forecasts. The company had also stumbled in performing on contracts in Toronto and on a railroad contract in Switzerland.
