by george matthews
>>Across all modes, passenger transportation is a tough business. The British company Stagecoach (big motorcoach operator, operator of South West Trains and Island Line, 49% owner of Virgin Trains) entered the North America market in 1999 by buying the charter operator Coach USA for about $1.2 billion and promptly proceeded to lose its shirt. What did it get for that money? About 1% of the US bus market and a lot of angry shareholders.<<
Yes, Stagecoach lost a lot of money and had to sell their American operation. Didn't it include School buses?
(British companies seldom do well with companies they buy in the US. Cable and Wireless is another - painful to remember)
Yes, Stagecoach lost a lot of money and had to sell their American operation. Didn't it include School buses?
(British companies seldom do well with companies they buy in the US. Cable and Wireless is another - painful to remember)