Sign in to follow this  
Oracle of Delphi

Egypt buys locomotives from GM for $123 million

7 posts in this topic

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for 40 train locomotives, to be assembled in Egypt as part of a government plan to revamp the country's dangerously outdated railway system.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

Share this post


Link to post
Share on other sites
aaaantoine    4

Cool.

[political rant]

How many of these trains will be bombed to bits by terrorists when they make shipments to Israel?

[/political rant]

Edited by aaaantoine

Share this post


Link to post
Share on other sites

Money is money.

Share this post


Link to post
Share on other sites
PurdueGuy    72

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?

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   You have pasted content with formatting.   Remove formatting

  Only 75 emoticons maximum 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.

Sign in to follow this