UPDATE 2-Deutsche Bahn trims Siemens train order -document

Fri Sep 20, 2013 8:20am EDT
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* Deutsche Bahn trims order by 31 trains - document

* Move cuts order by almost 1 billion euros

* Companies say order for first 130 trains unaffected

* Deutsche Bahn orders trains from Siemens Rival Bombardier

FRANKFURT, Sept 20 (Reuters) - Germany's Deutsche Bahn has trimmed an order for next-generation high-speed trains built by Siemens by almost 1 billion euros ($1.4 billion), an internal Deutsche Bahn document seen by Reuters showed.

"As part of modifications decided in early 2013, the procurement volume ... has been reduced by 31 trains," the document said.

This marks another setback for Siemens, which has been dogged by delays at its rail business, incurring project charges of more than 250 million euros this year alone.

The engineering group has been at loggerheads with Deutsche Bahn over the delayed delivery of ICE high-speed trains, which forced the rail operator to push back from this year plans to launch a direct train connection from Frankfurt to London.

Deutsche Bahn's move to buy fewer next-generation ICx trains than planned is also a major embarrassment for Siemens because the 6 billion euro order signed in 2011 was at the time celebrated as the biggest in Siemens' 166-year history.   Continued...