China's CRRC wins $1.3 billion deal to supply Chicago rail cars

(Hat tip: KimR) - China's CRRC Corp has won a $1.31 billion order to build rail cars for Chicago, the city's transit authority said, marking the train maker's second major supplier deal in the United States. The Chicago Transit Authority (CTA) said on Wednesday that it had awarded the order to build 846 railcars to CRRC subsidiary CSR Sifang America, which had submitted the lowest bid. It did not name the other bidders. Read more at Reuters Read More......