NetComposites

Connecting you to the composites industry

Advertisement

Composite Cars throughout South America

  • Wednesday, 29th March 2000
  • 0 comments
  • Reading time: less than a minute

Composite Automobile Research Ltd, through its wholly owned subsidiary, World Transport Authority, Inc (WTA) announced a commitment to implement WorldStar(R) factories throughout South America. The expansion is expected to originate in Argentina and will extend into the southern regions of the country. The contract equates to 120 new WorldStar(R) factories , each paying license fees of US$112,000, per factory, to WTA. WTA receives a recurring income stream royalties, parts and sales per vehicle, in excess of US$600. The income on an annual basis on a one-car-per-day factory from the recurring revenue streams is US$225, 000. The principle of the company is to serve the emerging world’s transportation needs through in-country manufacturing facilities utilizing local semi-skilled labor to produce the WorldStar(R) line of utility vehicles.


For more information visit:


Share this article


More News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.