The Associated Press reports:
Billionaire investor Carl Icahn is backing a startup company that would build trains to run on President Barack Obama's high-speed rail network, challenging international manufacturers that dominate the market, the company said Thursday.
Icahn's American Railcar Industries Inc. has formed a joint venture with US Railcar LLC, a Columbus-based company that aims to re-establish passenger train manufacturing in the United States.
Production would be based in Arkansas, where American Railcar has two freight car factories. Icahn Enterprises LP has a 54 percent stake of American Railcar, based in St. Charles, Mo.
http://news.yahoo.com/s/ap/20100218/ap_on_...us_icahn_rail_2