i.c.e. from siemens and on the right the french t.g.v. train from. the german and french corporations as well as their government are on board with the merger together they want to stand up to the chinese industry leader and vance c r r c with an estimated annual turnover of twenty four billion euros togethers evens and oust them would have achieved just over half that figure the canadian train manufacturer bum body is lacking far behind. siemens and house stone warned of the overwhelming chinese competitor c r r c but in vain. the state controlled supply of trains in china c r c has more than ninety percent of its activities insight china it has less success outside its how markets are. apt to stockers bottom line it's a no from brussels to both france and germany. opec is said to be seeking a formal partnership with russia and its oil exporting allies the deal would transform the cartel formed of saudi arabia in its persian gulf neighbors the wall street journal reports they're seeking an alliance with ten countries led by moscow including former s

i.c.e. from siemens, and on the right, the french tgv train from alstom.he german and french corporations as well as their government are on board with the merger. together they wanted to stand up to the chinese industry leader. and that's crrc, with an annual estimated turnover of 24 billion euros. together, siemens and alstom would've achieved just over half that figure. the canadian train manufacturer bombardier is lagging far behind. siemens and alstom warned of the overwhelming chinese competitor crrc, but in vain. >> the state-controlled supplier of trains in china, crrc, has more than 90% of its activities inside china. it has less success outside its home market. reporter: the bottom line, it's a no from brussels to both france and germany. brent: for more on this i am joined by our very own steven beardsley. it is the first time he has been at the big table with me. it is good to see you. this is bad news for siemens and alstom, but this is bigger than these two companies. steven: it is much, much bigger, and i think that is the important thing to

i.c.e. from siemens and on the right the french t.g.v. train from our stop the german and french corporations as well as their government are on board with the merger together they want to stand up to the chinese industry leader and that c r r c with an estimated annual turnover of twenty four billion euros togethers evens and house them would have achieved just over half that figure the canadian train manufacturer bum body is the lacking far behind siemens and alstom warned of the overwhelming chinese competitor c r r c but in vain. the state controlled supplier of trains in china c r c has more than ninety percent of its activities in sight china it has less success outside its home markets for. the stockers bottom line it's a no from brussels to both france and germany. and he of business is very blunt joins me max what has been the reaction to the news there so far. the chief executive of siemens was very quick to react ok he said that this isn't proves that europe urgently needs structural reform in the way it shapes its industrial f