Gino...
I couldn't agree more, spot on!
Garneau says Bombardier can't be favoured in Bids.
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Jet Jockey
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Re: Garneau says Bombardier can't be favoured in Bids.
DeHAvilland is in Toronto; at least till Viking moves it.
Who thought selling Downsview was a good idea?
Who thought selling Downsview was a good idea?
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rookiepilot
- Rank 11
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Re: Garneau says Bombardier can't be favoured in Bids.
https://business.financialpost.com/tran ... -in-canada
"Bombardier has been plagued by missed deadlines on a Toronto light-rail project, and was blocked last year from bidding on a New York subway-car contract because of past delays. While Via Rail said on-time delivery was a key reason for its decision to choose Siemens, Bellemare insisted his company today is fully capable of honouring its commitments."
Obviously the customer doesn't agree. Yet this CEO has to whine publicly that a Canadian rail operator won't ignore past performance -- and chose someone else.
https://www.thestar.com/news/gta/2018/1 ... hicle.html
"Two months after Bombardier announced the first vehicle for Toronto’s Eglinton Crosstown LRT was almost ready, the car has yet to be shipped, and the Quebec-based manufacturer now has just weeks to meet a deadline to deliver half a dozen of the new cars."
Winners -- don't whine.
Just DO YOUR JOB.
"Bombardier Transportation is not a broken company,” Bellemare said. “Bombardier Transportation is a company that’s doing extremely well."
Disagree. And so does most every investor on the planet -- except the Quebec government.
Via says this:
"Via Rail is happy to partner with one of the global leaders in the rail industry, a company recognized for its innovation and its engineering,’’ chief executive officer Yves Desjardins-Siciliano told reporters Wednesday. The new train sets “will substantially improve the customer experience for our millions of passengers currently and those to come, offering more comfort, bike storage” and greater accessibility."
Sounds like a reasonable decision.
Bombardier says this:
"It is astonishing that a call for tenders for trains which will pass through Canada’s national capital and Quebec’s provincial capital has not been subject to measures which would ensure maximum local benefits and the use of Canadian high technology"
If it passes through Quebec's capital-- that's what matters?
"Bombardier has been plagued by missed deadlines on a Toronto light-rail project, and was blocked last year from bidding on a New York subway-car contract because of past delays. While Via Rail said on-time delivery was a key reason for its decision to choose Siemens, Bellemare insisted his company today is fully capable of honouring its commitments."
Obviously the customer doesn't agree. Yet this CEO has to whine publicly that a Canadian rail operator won't ignore past performance -- and chose someone else.
https://www.thestar.com/news/gta/2018/1 ... hicle.html
"Two months after Bombardier announced the first vehicle for Toronto’s Eglinton Crosstown LRT was almost ready, the car has yet to be shipped, and the Quebec-based manufacturer now has just weeks to meet a deadline to deliver half a dozen of the new cars."
Winners -- don't whine.
Just DO YOUR JOB.
"Bombardier Transportation is not a broken company,” Bellemare said. “Bombardier Transportation is a company that’s doing extremely well."
Disagree. And so does most every investor on the planet -- except the Quebec government.
Via says this:
"Via Rail is happy to partner with one of the global leaders in the rail industry, a company recognized for its innovation and its engineering,’’ chief executive officer Yves Desjardins-Siciliano told reporters Wednesday. The new train sets “will substantially improve the customer experience for our millions of passengers currently and those to come, offering more comfort, bike storage” and greater accessibility."
Sounds like a reasonable decision.
Bombardier says this:
"It is astonishing that a call for tenders for trains which will pass through Canada’s national capital and Quebec’s provincial capital has not been subject to measures which would ensure maximum local benefits and the use of Canadian high technology"
If it passes through Quebec's capital-- that's what matters?
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Gino Under
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Re: Garneau says Bombardier can't be favoured in Bids.
It’s so easy to dump on Quebec and Quebec based companies, isn’t it?
Like it or not, the Bellemare ‘team’ of executives are pulling this outfit out of the quicksand because the numbers can’t hide the progress they’ve made and are making.
We all know the TTC debacle is one sided. Yet, there are two sides to any grievance. Even this one.
The Thunder Bay News reported last summer, quote
“A staff report prepared for the Toronto Transit Commission contains hints that Bombardier is in a good position to win another order for streetcars.
TTC spokesperson Brad Ross won't comment on that interpretation, stating that "No decisions will be made until 2019. We'll let the report speak for itself at this point."
However, Dominic Pasqualino, the head of Unifor Local 1075 at Thunder Bay's Bombardier plant feels the company is in line for the next contract, because "If they gave that to another supplier, then they would have to do all the work that we have already done, set up tooling and jigs, and order parts and do all that."
Out of the ten companies that responded with information about their ability to supply 60 streetcars, staff say, four or five "would be good candidates" for bids.
The document does not identify the favoured suppliers, but numerous references to Bombardier suggest that missed production targets with the existing streetcar contract are not as big an issue as they became in 2017.
A TTC board motion in July 2017 asked the board to take a look at other suppliers in light of "the less than outstanding delivery record" of Bombardier.
The new report states that Bombardier's "production rate continues to increase and quality continues to improve, particularly in Thunder Bay where streetcars are completed. While challenges continue, TTC and Bombardier remain committed in working together to identify areas of constraint, improved efficiencies and the implementation of corrective actions."
It also says that the company continues to prepare for a second production line at its Kingston plant, where the first car was due in October 2017, and that this "will add confidence that Bombardier will recover and meet the original commitment for 204 new streetcars by the end of 2019."
The report further notes that Bombardier could start delivering cars under a new order by the third quarter of 2020, which is when the TTC would want them because of a continuing surge in population and employment in downtown Toronto.
In contrast, none of the other potential bidders would be able to deliver even a prototype vehicle before 2023, with completed delivery happening as late as 2025.”
I have no idea why some are so possessed with the Bombardier bashing but I know one thing, it’s easier to bash Bombardier and Quebec than it is to come to grips with certain facts. And some of those facts aren’t the negatives some would have you believe,
Good grief!
Like it or not, the Bellemare ‘team’ of executives are pulling this outfit out of the quicksand because the numbers can’t hide the progress they’ve made and are making.
We all know the TTC debacle is one sided. Yet, there are two sides to any grievance. Even this one.
The Thunder Bay News reported last summer, quote
“A staff report prepared for the Toronto Transit Commission contains hints that Bombardier is in a good position to win another order for streetcars.
TTC spokesperson Brad Ross won't comment on that interpretation, stating that "No decisions will be made until 2019. We'll let the report speak for itself at this point."
However, Dominic Pasqualino, the head of Unifor Local 1075 at Thunder Bay's Bombardier plant feels the company is in line for the next contract, because "If they gave that to another supplier, then they would have to do all the work that we have already done, set up tooling and jigs, and order parts and do all that."
Out of the ten companies that responded with information about their ability to supply 60 streetcars, staff say, four or five "would be good candidates" for bids.
The document does not identify the favoured suppliers, but numerous references to Bombardier suggest that missed production targets with the existing streetcar contract are not as big an issue as they became in 2017.
A TTC board motion in July 2017 asked the board to take a look at other suppliers in light of "the less than outstanding delivery record" of Bombardier.
The new report states that Bombardier's "production rate continues to increase and quality continues to improve, particularly in Thunder Bay where streetcars are completed. While challenges continue, TTC and Bombardier remain committed in working together to identify areas of constraint, improved efficiencies and the implementation of corrective actions."
It also says that the company continues to prepare for a second production line at its Kingston plant, where the first car was due in October 2017, and that this "will add confidence that Bombardier will recover and meet the original commitment for 204 new streetcars by the end of 2019."
The report further notes that Bombardier could start delivering cars under a new order by the third quarter of 2020, which is when the TTC would want them because of a continuing surge in population and employment in downtown Toronto.
In contrast, none of the other potential bidders would be able to deliver even a prototype vehicle before 2023, with completed delivery happening as late as 2025.”
I have no idea why some are so possessed with the Bombardier bashing but I know one thing, it’s easier to bash Bombardier and Quebec than it is to come to grips with certain facts. And some of those facts aren’t the negatives some would have you believe,
Good grief!
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rookiepilot
- Rank 11
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- Joined: Sat Apr 01, 2017 3:50 pm
Re: Garneau says Bombardier can't be favoured in Bids.
This is irrelevant to where Bombardier is located. Simply the facts.
When they pay back what they have sucked from the taxpayer -- and perhaps elect an accountable board and not close knit family members like the sopranos -- perhaps I'll stop criticizing.
In other words when I'm convinced it's a real company standing on its own 2 feet like the rest of us, and not a Canadian / Quebec political football.
Gotta admit. How many other companies have been bailed out or given financial loans during the peak of this economic cycle? I can't think of one in recent history at all. Anyone else, with possible exception of AC, was in the context of the financial crisis. Criticize the auto bailouts if you wish, but it's a completely different context.
Bombardier is certainly considered a special case seemingly immune to the consequences other companies face for poor performance. Why shouldn't that be criticized?
Face it. It's a permanent Quebec welfare case -- until proven otherwise. That will never change from what I see.
And -- orders ain't enough. Real, positive cash flow is what matters. Lots of companies have made this mistake.
And -- I don't see why any CEO is worth 14 mill a year when their company isn't even close to this basic and essential benchmark. This pay is within striking range if not above the major US aerospace companies -- all of which are solidly profitable and many multiples of BBD's size.
When they pay back what they have sucked from the taxpayer -- and perhaps elect an accountable board and not close knit family members like the sopranos -- perhaps I'll stop criticizing.
In other words when I'm convinced it's a real company standing on its own 2 feet like the rest of us, and not a Canadian / Quebec political football.
Gotta admit. How many other companies have been bailed out or given financial loans during the peak of this economic cycle? I can't think of one in recent history at all. Anyone else, with possible exception of AC, was in the context of the financial crisis. Criticize the auto bailouts if you wish, but it's a completely different context.
Bombardier is certainly considered a special case seemingly immune to the consequences other companies face for poor performance. Why shouldn't that be criticized?
Face it. It's a permanent Quebec welfare case -- until proven otherwise. That will never change from what I see.
And -- orders ain't enough. Real, positive cash flow is what matters. Lots of companies have made this mistake.
And -- I don't see why any CEO is worth 14 mill a year when their company isn't even close to this basic and essential benchmark. This pay is within striking range if not above the major US aerospace companies -- all of which are solidly profitable and many multiples of BBD's size.
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rookiepilot
- Rank 11
- Posts: 4410
- Joined: Sat Apr 01, 2017 3:50 pm
Re: Garneau says Bombardier can't be favoured in Bids.
NYC transit chief slams Bombardier, halts rail car deliveries over problems.
https://www.cbc.ca/news/business/new-yo ... -1.4992113
The head of the New York City Transit Authority and former chief executive at the Toronto Transit Commission says he is having "deja vu times two" with problems around trains from Bombardier Inc.
Andy Byford told the state transit authority this week that New York City Transit will halt new train car deliveries until more of the existing cars are fixed.
At a Metropolitan Transportation Authority committee meeting Tuesday, he cited issues with the HVAC system software, springs between the cars and doors that were "weeping oil."
Byford called the ongoing difficulties "gruelling" and "depressing," recalling the production delays and defects that plagued streetcar orders during his five years at the helm of Canada's largest municipal transit authority.
Via Rail places $989M train order with Germany's Siemens instead of Bombardier
Earlier this month, Swiss Federal Railways opted to stop taking new trains from the Montreal-based company until it fixes the ones already in service.
Bombardier is also facing an upcoming deadline that was delayed to Feb. 1 for delivery of the first six of 76 vehicles for Toronto's Crosstown Eglinton light rail line.
Bombardier did not respond immediately for comment.
From another article: NYC transit chief:
“It’s grueling. You have to stay on [Bombardier’s] case,” Byford said at the MTA meeting this week. “You have to hold their hands. You have to cajole them. You have to apply liquidated damages, which we’ve been doing.
“You have to make it clear to them that they’re not going to get another contract the way they’re going.”
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It's incredible anyone on this forum thinks this is a world class company.
https://www.cbc.ca/news/business/new-yo ... -1.4992113
The head of the New York City Transit Authority and former chief executive at the Toronto Transit Commission says he is having "deja vu times two" with problems around trains from Bombardier Inc.
Andy Byford told the state transit authority this week that New York City Transit will halt new train car deliveries until more of the existing cars are fixed.
At a Metropolitan Transportation Authority committee meeting Tuesday, he cited issues with the HVAC system software, springs between the cars and doors that were "weeping oil."
Byford called the ongoing difficulties "gruelling" and "depressing," recalling the production delays and defects that plagued streetcar orders during his five years at the helm of Canada's largest municipal transit authority.
Via Rail places $989M train order with Germany's Siemens instead of Bombardier
Earlier this month, Swiss Federal Railways opted to stop taking new trains from the Montreal-based company until it fixes the ones already in service.
Bombardier is also facing an upcoming deadline that was delayed to Feb. 1 for delivery of the first six of 76 vehicles for Toronto's Crosstown Eglinton light rail line.
Bombardier did not respond immediately for comment.
From another article: NYC transit chief:
“It’s grueling. You have to stay on [Bombardier’s] case,” Byford said at the MTA meeting this week. “You have to hold their hands. You have to cajole them. You have to apply liquidated damages, which we’ve been doing.
“You have to make it clear to them that they’re not going to get another contract the way they’re going.”
--------
It's incredible anyone on this forum thinks this is a world class company.
Last edited by rookiepilot on Fri Jan 25, 2019 1:11 pm, edited 1 time in total.
Re: Garneau says Bombardier can't be favoured in Bids.
Bombardiers management is embarrassing.
Re: Garneau says Bombardier can't be favoured in Bids.
Let's not forget the secondary and tertiary suppliers of parts for bombardier, a key component of our aerospace industry. Many of which happen to be outside Quebec.
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rookiepilot
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- Joined: Sat Apr 01, 2017 3:50 pm
Re: Garneau says Bombardier can't be favoured in Bids.
https://business.financialpost.com/opin ... ss-bridges
Another example beyond BBD how Quebec is used as a political voting slush fund. With the rest of our money.
Another example beyond BBD how Quebec is used as a political voting slush fund. With the rest of our money.
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rookiepilot
- Rank 11
- Posts: 4410
- Joined: Sat Apr 01, 2017 3:50 pm
Re: Garneau says Bombardier can't be favoured in Bids.
More follies:
https://business.financialpost.com/tran ... r-delivery
Metrolinx plans to impose financial penalties on Bombardier Inc. after the Quebec train maker delivered only half of a promised six vehicles for Toronto’s Eglinton Crosstown LRT by the Friday deadline.
“Our contract clearly outlines financial penalties on Bombardier for delivering vehicles late. Metrolinx will enforce the contract and the financial penalties will be applied,” Phil Verster, chief executive of the provincial transportation agency, told The Canadian Press in a statement."
Last month, three large public transit agencies opted to stop taking trains from the company until it fixes the ones already in service.
Swiss Federal Railways cited doors that don’t close properly, putting the brakes on deliveries under its US$1.9-billion contract for 62 trains.
The head of the New York City Transit Authority, Andy Byford — former CEO of the Toronto Transit Commission — halted subway car deliveries last week, citing HVAC software system defects and claiming “deja vu” over issues with Bombardier trains. Deliveries to New York resumed this week.
On Thursday, the French National Railway Company announced it would stop train car deliveries, pointing to an “unacceptable situation of non-quality” with some of the 32 trains it had received, adding that 42 were supposed to have arrived by the start of the year.
Cue the comments from those calling these articles Quebec haters.......guess operating this company like this is worth 14 million as a CEO. More than most S&P 500 companies.
Paid for With our taxpayer money.
https://business.financialpost.com/tran ... r-delivery
Metrolinx plans to impose financial penalties on Bombardier Inc. after the Quebec train maker delivered only half of a promised six vehicles for Toronto’s Eglinton Crosstown LRT by the Friday deadline.
“Our contract clearly outlines financial penalties on Bombardier for delivering vehicles late. Metrolinx will enforce the contract and the financial penalties will be applied,” Phil Verster, chief executive of the provincial transportation agency, told The Canadian Press in a statement."
Last month, three large public transit agencies opted to stop taking trains from the company until it fixes the ones already in service.
Swiss Federal Railways cited doors that don’t close properly, putting the brakes on deliveries under its US$1.9-billion contract for 62 trains.
The head of the New York City Transit Authority, Andy Byford — former CEO of the Toronto Transit Commission — halted subway car deliveries last week, citing HVAC software system defects and claiming “deja vu” over issues with Bombardier trains. Deliveries to New York resumed this week.
On Thursday, the French National Railway Company announced it would stop train car deliveries, pointing to an “unacceptable situation of non-quality” with some of the 32 trains it had received, adding that 42 were supposed to have arrived by the start of the year.
Cue the comments from those calling these articles Quebec haters.......guess operating this company like this is worth 14 million as a CEO. More than most S&P 500 companies.
Paid for With our taxpayer money.
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Jet Jockey
- Rank 5
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- Joined: Sun Sep 22, 2013 8:42 am
- Location: CYUL
Re: Garneau says Bombardier can't be favoured in Bids.
Who's getting paid $14M annually, name please?rookiepilot wrote: ↑Fri Feb 01, 2019 3:10 pm More follies:
https://business.financialpost.com/tran ... r-delivery
Metrolinx plans to impose financial penalties on Bombardier Inc. after the Quebec train maker delivered only half of a promised six vehicles for Toronto’s Eglinton Crosstown LRT by the Friday deadline.
“Our contract clearly outlines financial penalties on Bombardier for delivering vehicles late. Metrolinx will enforce the contract and the financial penalties will be applied,” Phil Verster, chief executive of the provincial transportation agency, told The Canadian Press in a statement."
Last month, three large public transit agencies opted to stop taking trains from the company until it fixes the ones already in service.
Swiss Federal Railways cited doors that don’t close properly, putting the brakes on deliveries under its US$1.9-billion contract for 62 trains.
The head of the New York City Transit Authority, Andy Byford — former CEO of the Toronto Transit Commission — halted subway car deliveries last week, citing HVAC software system defects and claiming “deja vu” over issues with Bombardier trains. Deliveries to New York resumed this week.
On Thursday, the French National Railway Company announced it would stop train car deliveries, pointing to an “unacceptable situation of non-quality” with some of the 32 trains it had received, adding that 42 were supposed to have arrived by the start of the year.
Cue the comments from those calling these articles Quebec haters.......guess operating this company like this is worth 14 million as a CEO. More than most S&P 500 companies.
Paid for With our taxpayer money.
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rookiepilot
- Rank 11
- Posts: 4410
- Joined: Sat Apr 01, 2017 3:50 pm
Re: Garneau says Bombardier can't be favoured in Bids.
CEO. 10.6 USD, or 14 CAD in 2017.
https://www.usatoday.com/story/money/bu ... 488630002/
According to this list I found quoting total compensation -- That is multiples ahead of such unknown CEO's like Buffett, Page, Dell, Bezos, and others.
https://www.usatoday.com/story/money/bu ... 488630002/
According to this list I found quoting total compensation -- That is multiples ahead of such unknown CEO's like Buffett, Page, Dell, Bezos, and others.
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rookiepilot
- Rank 11
- Posts: 4410
- Joined: Sat Apr 01, 2017 3:50 pm
Re: Garneau says Bombardier can't be favoured in Bids.
Not enough. Trudeau should fire the whole board.
https://business.financialpost.com/tran ... ation-unit
Gino, as the unabashed bombardier cheerleader under all circumstances-- I have a question for you.
When the next recession comes -- its coming -- and aircraft sales fall off a truck -- how much more of our money should Quebec get to keep the patient alive, and Alain richly provided for?
Just curious.
https://business.financialpost.com/tran ... ation-unit
Gino, as the unabashed bombardier cheerleader under all circumstances-- I have a question for you.
When the next recession comes -- its coming -- and aircraft sales fall off a truck -- how much more of our money should Quebec get to keep the patient alive, and Alain richly provided for?
Just curious.
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rookiepilot
- Rank 11
- Posts: 4410
- Joined: Sat Apr 01, 2017 3:50 pm
Re: Garneau says Bombardier can't be favoured in Bids.
Another King Trudeau pet project:
https://nationalpost.com/opinion/andrew ... ments-area
To think you all got rid of Harper for this?
https://nationalpost.com/opinion/andrew ... ments-area
To think you all got rid of Harper for this?
Re: Garneau says Bombardier can't be favoured in Bids.
We got rid of Harper to get rid of Harper. I find most elections are about voting somebody out, not voting somebody in.rookiepilot wrote: ↑Sat Feb 09, 2019 9:00 am Another King Trudeau pet project:
https://nationalpost.com/opinion/andrew ... ments-area
To think you all got rid of Harper for this?
Re: Garneau says Bombardier can't be favoured in Bids.
Last election was the exception. Transparent government and evidence based policy and such was the flavour of the day.av8ts wrote: ↑Sat Feb 09, 2019 1:55 pmWe got rid of Harper to get rid of Harper. I find most elections are about voting somebody out, not voting somebody in.rookiepilot wrote: ↑Sat Feb 09, 2019 9:00 am Another King Trudeau pet project:
https://nationalpost.com/opinion/andrew ... ments-area
To think you all got rid of Harper for this?
Liberalism itself as a religion where its tenets cannot be proven, but provides a sense of moral rectitude at no real cost.
