Egypt's Ghabbour in $70 mln bus assembly venture

Newswire

CAIRO, June 26 (Reuters) - Egyptian auto importer and manufacturer Ghabbour Auto said on Thursday it agreed to a $70 million joint venture with Brazil's Marcopolo to build a bus assembly facility in Suez on the Red Sea. A subsidiary of Ghabbour Auto will own 51 percent of the new company while the Brazilian bus manufacturer will have the remaining 49 percent, Ghabbour said. The new facility is expected to start production in 2009 with a targeted capacity of 1,500 buses in the first year ...

Premium Content (PAID Subscription Required)

"Egypt's Ghabbour in $70 mln bus assembly venture" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×