MAN AG, India's Force set up bus joint venture


FRANKFURT, April 25 (Reuters) - India's Force Motors Ltd and the Neoman division of Germany's MAN AG have signed a letter of intent to set up a joint venture to make buses in India, MAN said on Tuesday. "The new letter of intent includes setting up the development, production and marketing of chassis and complete buses of the MAN and FORCE brands. The start of production for the Indian market is planned for the end of 2007," it said. From 2008 the venture will produce chassis and ...

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