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American Railcar in high-speed venture

Billionaire investor Carl Icahn is backing a startup company that would build trains to run on President Barack Obama’s high-speed rail network, challenging international manufacturers that dominate the market, the company said Thursday.

Icahn’s American Railcar Industries Inc., based in St. Charles, has formed a joint venture with US Railcar LLC, a Columbus, Ohio-based company that aims to re-establish passenger train manufacturing in the United States.\

[St. Louis Post Dispatch]