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Egypt buys locomotives from GM for $123 million

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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for 40 train locomotives, to be assembled in Egypt as part of a government plan to revamp the country's dangerously outdated railway system.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

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Money is money.

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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...


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?

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