Russia RusPromAvto mulls Ikarus plant - paper

Newswire

MOSCOW, Feb 19 (Reuters) - Russian auto holding RusPromAvto may buy one of Ikarus' two bus plants in Hungary in a $10 million deal to move into Eastern European markets, Vedomosti newspaper quoted a source at the firm as saying. Ikarus' Szekesfehervar factory in central Hungary has a capacity of a few thousand vehicles a year, but there are only 200 orders on the books for 2004, and the firm's Fiat-controlled owner Irisbus has decided to close or sell the plant, the newspaper reported. ...

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