Hungary Raba forges link with Russia's RusPromAvto

Newswire

BUDAPEST, March 19 (Reuters) - Hungarian commercial vehicle maker Raba has signed a letter of intent for strategic cooperation with Russian vehicle group RusPromAvto, Raba said in a statement on Friday. "Raba and RusPromAvto Holding have agreed to work out the details of the cooperation ... by the end of the year, thus allowing the joint manufacturing and sales of bus, truck and construction vehicle axles for the vehicles competitive on the Russian and other markets," it said. The ...

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