Partnership With Daimler AG
On April 25, 2012, MCI announced a minority stake with Daimler AG to produce Setra buses for the North American market as Daimler reconfigures its bus operations in North America. The takeover would become MCI the exclusive North American distributor of the Setra S407 and S417 German-manufactured premium motor coaches.
Under the proposed agreement, through a transition period of several months following the execution of definitive agreements and the closing of the transaction, MCI would evaluate operations related to Setra in North America, and, where appropriate, integrate such operations with existing MCI facilities which will permit MCI and Daimler Buses to realize significant operating synergies. This planned partnership will allow Daimler Buses to better serve its customers through a broader service network, while strengthening Setra’s presence in North America. All Setra motor coaches are German-engineered products produced in Neu-Ulm, Germany. This fact remains unchanged.
Read more about this topic: Motor Coach Industries
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