Composites World / NetComposites

Connecting you to the composites industry

Advertisement

NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including netcomposites.com, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to netcomposites@gardnerweb.com.

For further details see our joint press release.

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)

Leave your comment