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. Last Updated: 07/27/2016

Siemens Ponders JV




FRANKFURT, Germany -- Siemens AG said Monday that it is in talks with Bombardier Inc. of Canada about a possible joint venture.


A decision on cooperation in rail transport technology is likely to be made in the next two weeks, Germany's Handelsblatt newspaper said Monday.


Siemens and Bombardier already are working together on the latest model of the German high-speed train, the ICE.


Montreal-based Bombardier makes aircraft, railroad equipment and recreational products.


Siemens, based in Munich, Germany, has interests in communications systems, industrial technology, power generation, information technology and transportation systems.