Jump to content

Egypt buys locomotives from GM for $123 million


Recommended Posts

CAIRO, May 30 (Reuters) - Egypt signed a $123 million contract with General Motors (GM.N: Quote, Profile , Research) on Wednesday for 40 train locomotives, to be assembled in Egypt as part of a government plan to revamp the country's dangerously outdated railway system.

Rest of article: http://yahoo.reuters.com/news/articlehybri...News&rpc=44

Link to comment
Share on other sites

Money is money.

Link to comment
Share on other sites

Since GM sold the locomotive business some time ago this seems a little strange.

I was gonna say... I thought I heard that they sold EMD...

*googled*

Yup, now it's Electro Motive Diesel (instead of Division), owned by a couple equity firms.

Where is GM coming up with locomotives to sell to Egypt?

Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...