) to return to service this week, after an estimated 300 cars were yanked earlier in the month due to safety concerns, agency President Andy Byford said on Tuesday.
Bombardier is facing pressure in its transportation division, the Canadian company’s largest unit by revenues, over a handful of problematic rail contracts, primarily in Europe. Earlier in January, New York City Transit, North America’s largest public transportation agency, directed the subway cars to be temporarily removed from service to address a “suspected systemic issue involving the door mechanism.”
Bombardier said in a statement that it “stands by the quality and integrity of its door design and its components, and wants to reassure customers and passengers that this particular issue does not involve any design or mechanical defects.”
I think the story is missing the word 'million'. I don't think the stock would be affected by a $350 charge in the railway division.
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