Wonderful World of Scooters
Vmoto Ltd. scored a big one for its company has it has reportedly won a $23 million contract to produce 30,000 scooters for Vietnam. And the sweeter part is that should this order show strong demand, the Vietnam company who placed the order will be purchasing an additional 100,000 units.
The 30,000 Mid Range Retro scooters will be manufactured by Vmoto at its Nanjing, China plant over the next 12 months, with the first batch scheduled to be delivered by August.
Vmoto managing director Patrick Davin says the contract is a great achievement for the company.
“This is an enormously important deal for Vmoto and underwrites the entire Vmoto Nanjing operations in the future,” Mr Davin said.
Considering the hardships that all business are experiencing today, this deal is indeed a big one. In fact, it has gone as far as affecting Vmoto shares which made a large jump of 86.11 percent thanks to this deal.
(Source) WA Today
The Wonderful world of scooters, continues to grow in popularity amoung consumers, its expected to outsell motorbikes in China and developing nations by 2010.
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duke
August 7th, 2009 at 6:45 pm
Yea sell that china made crap junk new scooters to vietnam for fixing up put togeter worn out vespa scooter parts as a restored scooter they sell on E-bay to americans and screw us out of our hard earn money. Let them feel what it is to get screwed there will be no order for the other 100000 scooters. Vienam uses scooters like a work horse till they drop dead.