German manufacturer Volkswagen is to sell 700 buses to Saudi Arabia, in a 165.8 million Saudi riyal ($62 million) contract, according to press reports Saturday, September 29.
The vehicles will be manufactured at Volkswagen's Resende plant in the Brazilian state of Rio de Janeiro. The export sale is the largest to be made by the company outside of the Americas, according to Agencia Folha.
Vokslwagen's Resende plant annually makes 18,500 trucks and buses and is currently seeking to increase its exports, which currently represent 10 percent of its production. ― (AFP, Brasilia)
© Agence France Presse 2001
© 2001 Mena Report (www.menareport.com)
