Italo orders 26 high-speed trains from Siemens for Germany

Italian rail operator Italo has placed a multi-billion-euro order with Siemens for 26 high-speed trains to be used in Germany. The deal, valued at around 3 billion euros, marks a major expansion of Italo's operations into the German market. This move positions Italo as a competitor to Deutsche Bahn in the long-distance rail sector. The trains are expected to be delivered in the coming years, increasing competition on German rail routes.