Alstom shares tumble 28% after train maker cuts profit forecast

Shares in Alstom plummeted by 28% following a significant profit warning from the French train manufacturer, which has now issued its second major profit forecast cut under the leadership of new CEO Martin Sion. The company announced a plan to slash €2 billion in debt, highlighting ongoing financial struggles. This sharp decline in share value underscores the broader challenges facing Alstom and could have implications for investors and the rail industry at large, raising questions about the company's future performance and strategic direction.