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Companies

Kawasaki Heavy weighs exit from money-losing train business

US troubles cut into full-year forecast as company posts first-half loss

Japan's Kawasaki Heavy Industries builds trains for U.S. cities including New York and Washington.
Kawasaki Heavy Industries builds trains for U.S. cities including New York and Washington.

TOKYO -- Kawasaki Heavy Industries plans to restructure rolling-stock operations amid heavy losses, exploring such options as quitting the business and teaming up with other companies.

While the overseas rail market looks promising, the company has been waging fierce competition for orders with rivals that have grown in scale through consolidation. Japanese peers like Hitachi are likewise struggling abroad amid numerous mishaps.

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