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US high speed rail venture axes partnership with Chinese firms

Published Thu, Jun 9, 2016 · 09:50 PM

San Francisco

XPRESSWEST, the private company proposing to build a high-speed rail line between Las Vegas and Los Angeles, announced Wednesday that it had terminated its joint venture with China Railway International, less than nine months after the deal was announced.

Las Vegas-based XpressWest said the decision to end the relationship stemmed from problems with "timely performance" and challenges that China Railway faced "obtaining required authority to proceed with requir…

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Companies & Markets

US high speed rail venture axes partnership with Chinese firms

Transport & Logistics

GM CEO Barra compensation fell 4% in 2023 to US$27.8 million

Boeing reports first revenue drop in 7 quarters as deliveries decline

Volkswagen to keep China market share stable as price war rages

COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill

Tesla profits tumble but shares rise on new vehicle plan

Volvo Cars see good demand this year after higher Q1 unit sales

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