German truck maker MAN in $14m Iraq venture

German truck and bus maker MAN has signed a 10 million euro ($14 million) deal with Iraqi firm Numoor Al-Bararry to manufacture commercial trucks in Baghdad, the managing director of MAN’s representative in Iraq said. Under the contract, the two companies will establish an assembly line and maintenance workshop, said Peter Mayr, managing director of […]

Reuters reports:

German truck and bus maker MAN has signed a 10 million euro ($14 million) deal with Iraqi firm Numoor Al-Bararry to manufacture commercial trucks in Baghdad, the managing director of MAN’s representative in Iraq said.

Under the contract, the two companies will establish an assembly line and maintenance workshop, said Peter Mayr, managing director of Terramar Company, which represents MAN.