Icahn Backs Passenger Rail Company

[jcl653]

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

 

[rrdude]

I hope he does, he's kind of a maverick. Believe it when I see it though. Risk is high for the early adopters, but then the rewards are greater too.

 

[sechs]

Carl Icahn "backed" TWA by stripping it of assets and saddling it with ridiculously onerous sales contracts.