Siemens pins hopes on rail as manufacturing gloom hits home

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But Kaeser added that a third-quarter bright spot, rail manufacturing, as well as "stringent project execution" would help Siemens stay on track for the end of its financial year in September.
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The train business secured a 1.2-billion-euro contract for high-speed trains and maintenance in Russia and another major order for light rail in San Diego and Portland, Oregon, crowning an overall order book up 18 percent at almost 3.0 billion.
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