Deutsche Bahn Seeks Compensation From Siemens For Delivery Delay-Report
May 20 2012 - 8:11AM
Dow Jones News
German railways company Deutsche Bahn AG seeks EUR45 million to
EUR50 million compensation from Siemens AG (SI) for the late
delivery of 16 ICE-3 trains, Bild am Sonntag says Sunday,
attributing its information to industry sources.
The trains should have been in operation with Deutsche Bahn
already in 2011 but Siemens would deliver eight to ten ICE-3 trains
to the railways company only this year, after a one-year delay,
according to Bild am Sonntag, which adds that the trains should be
running in December.
Deutsche Bahn chief Ruediger Grube and Siemens Chief Peter
Loescher have discussed a 17th ICE train to be delivered free of
change, Bild am Sonntag says, adding that Siemens, according to
railways experts, has "massive" problems with the suppliers of
high-speed trains.
A Siemens spokesman told Dow Jones Newswires that he had no new
information on the negotiations between Deutsche Bahn and Siemens,
but either a cash penalty or a 17th train is the subject of
negotiations.
A train would cost around EUR30 million, and an amount of this
magnitude has already been booked since the first quarter, the
spokesman said, adding it wasn't clear to him where the reported
compensation figure of EUR45 million to EUR50 million came
from.
Newspaper website: http://www.bild.de
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.
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