Definitions for alstom
al·stom

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1. Alstom

   Alstom SA is a French multinational company operating worldwide in rail transport markets, active in the fields of passenger transportation, signalling and locomotives, with products including the AGV, TGV, Eurostar, and Pendolino high-speed trains, in addition to suburban, regional and metro trains, and Citadis trams. Alstom (originally as Alsthom) was formed from a merger between Compagnie Française Thomson Houston and the Société Alsacienne de Constructions Mécaniques in 1928; significant acquisitions included the Constructions Electriques de France (1932), shipbuilder Chantiers de l'Atlantique (1976), and parts of ACEC SA (Belgium, late 1980s). A merger with parts of the General Electric Company plc (UK) formed GEC Alsthom in 1989; the company became Alstom in 1998. In 2004, Alstom was in financial crisis due to massive inherited unexpected costs (€4 billion) arising from a design flaw inherited from the acquisition of ABB Group's turbine business, in addition to losses in other areas of the business. The company required a €3.2 billion state-backed bailout in 2003 – and as a result was required to sell several divisions including shipbuilding and electrical transmission to Nikhanj Power, in order to comply with EU rules on state aid. In 2014, Alstom and General Electric (GE) announced that a US$17 billion (€12.4 billion) bid for the company's power and grid divisions had been made and provisionally accepted. After modification of the deal following political controversy in France relating to the take over by a foreign company of a strategic player in heavy industry, GE's bid was modified; to include joint ventures in power generation and electrical transmission, and the sale of its own rail signalling business to Alstom. The GE acquisition deal for the power and grid division was accepted by EU and US anticompetition authorities in mid 2015, subject to the sale of Alstom's heavy gas turbine business. The acquisition was finalised on 2 November 2015, with GE acquiring Alstom's power generation and electricity transmission business (combined as GE Power) leaving the Alstom company operating solely in the rail transport market. In 2017, Alstom announced a proposed merger with Siemens Mobility of Germany, to be completed in 2018, at which point the company would be called Siemens Alstom. The European Commission has expressed its concern about the two companies being too dominant in Europe after their merger, and there have been popular protests concerning international-financial reforms to French territorial railway infrastructure and SNCF. Objections to the merger include possible increases in passenger fares and cargo fees. In February 2019, the European Commission prohibited the merger.

How to pronounce alstom?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say alstom in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of alstom in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of alstom in Pythagorean Numerology is: 8

Examples of alstom in a Sentence

1. Keith Pelley:

   The Bridgestone non-sanctioning was an easy decision based on ... the Alstom Open de France having been part of our schedule for so many years, they've been in that date since 2009, part of our schedule since 1972, it's their 100th anniversary and they are hosting the Ryder Cup in 2018.

2. Environment Minister Segolene Royal:

   The president has been very clear, the aid for Alstom will be scrapped, what I've offered ... to Alstom is that the state aid that had been granted for coal should be used to invest in renewable energy.

3. Environment Minister Segolene Royal:

   What I've offered ... to Alstom is that the state aid that had been granted for coal should be used to invest in renewable energy.

4. Patrick Kron:

   We are in the final phase of negotiation with the U.S. Department of Justice, if a settlement is found, which we expect in the near future, the Department of Justice should require that any fine remains the liability of Alstom and cannot even partly be transferred to GE.

5. The Chinese company:

   Alstom is committed to recover Bombardier Transportation's full operational and profitability potential.

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References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Alstom