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Alstom Unveils Newest High-Speed Train

The French train maker introduces the AGV, which took 10 years and $147 million to develop and will link Milan and Naples in 2011

The Automotrice à Grande Vitesse, or AGV for short, showed its long, silver-and-black nose to the public for the first time on Tuesday. With French President Nicolas Sarkozy in attendance, Alstom unveiled its new, fourth-generation high-speed train at its headquarters in La Rochelle.

The train-maker spent 10 years and €100 million ($147 million) to develop the AGV, which it compares with the Airbus's giant A380 jetliner in terms of innovation and its impact on the world of transportation.