Companies / Czech Republic
Vectra Acquires Tatra, Eyes Greater Production
November 2006 | Industry NewsPlans to boost output at Tatra have begun to take shape after a consortium headed by the Vectra group acquired an 80.5% stake in the Czech truck manufacturer for US$57.8mn. Vectra previously held an 11.1% stake in Tatra. According to Vectra sources, the group has earmarked investment of between US$40mn and US$50mn in Tatra over the next three years in order to raise output to 2,500 units by
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