Egypt buys locomotives from GM for $123 million

[Oracle of Delphi]

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for 40 train locomotives, to be assembled in Egypt as part of a government plan to revamp the country's dangerously outdated railway system.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

[aaaantoine]

Cool.

[political rant]

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

[/political rant]

Edited June 6, 2007 by aaaantoine

[balthazar]

$3,075,000 for a GM model? That kills the bugatti veyron for bragging rights...

[Sixty8panther]

Money is money.

[thegriffon]

Since GM sold the locomotive business some time ago this seems a little strange.

[Intrepidation]

$3,075,000 for a GM model? That kills the bugatti veyron for bragging rights...

But it's nowhere near as cool

[PurdueGuy]

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?