Volvo signs deal to supply 1500 buses to China's Bashi Group
Published: 24 Jun 2009 23:00:58 PST
Shanghai, June 24 (Gasgoo.com)
Volvo Monday said it has signed a framework agreement with bus operator Bashi Group in
Shanghai,
China, to supply around 1500 buses before the opening of the
World Expo next May,
reports Dow Jones International
News.
The deal, valued at SEK1.3 billion, will be carried out by
Volvo Bus' subsidiary Sunwin Bus, a 50-50
joint venture between
Volvo Buses and
Shanghai Automotive
Industry Co.
Full Story