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Ikarus, Rába team up to make new family of buses

Hungary's Ikarusbus and Raba are teaming up to make a family of buses which they aim to sell first of all to the state and local councils in Hungary, the companies said on Wednesday.

Ikarusbus managing director Ferenc Princz said the companies expect to get orders for at least 300-500 of the buses on the domestic market, but more orders could come from markets to which Ikarus has long exported. Talks on the new bus family are underway in Moscow too, he added. (MTI-ECONEWS)