Motorcoach

Seattle bus co. linked to scheme sells for $5M

Posted on January 13, 2011

SEATTLE — Frederick Darren Berg's bus company, MTR Western, will be sold to Seattle-based GTO for $5 million, according to the Seattle Times.

All of Berg's personal assets, including the bus company and real estate properties, are being sold by a trustee. An auction for the luxury motorcoach firm was scheduled Wednesday morning, but of the two expected bidders only GTO submitted an offer for substantially all the bus assets.

Berg has been charged by federal prosecutors with defrauding investors of more than $100 million and is currently in pretrial detention. For the full story, click here.

 

 

View comments or post a comment on this story. (0 Comments)

More News

Prevost names new coach regional sales manager

Dale Paziuk joined Prevost in 1999, beginning as a field service representative serving the Northwest, will serve in Western Canada and Northwestern U.S..

Crowdsourced tech company, OurBus, expanding in Northeast

New route will connect Washington, D.C; Philadelphia; Allentown, Pa.; and Binghamton and Ithaca, N.Y., effective September 21.

Mich.'s Indian Trails adds Prevost, Temsa coaches

The H3-45s all have comfort features comparable to a commercial airline’s business class — reclining seats with ample leg room, headrests and footrests, and more.

ABA Foundation's board plots future of group travel industry

Pledged to continue using the ABA's Marketplace as the focal point for raising funds for its Fund A Future scholarship campaign.

FlixBus European business sees 50% uptick over summer

Top destinations in summer 2018 were: Berlin, Paris, Munich, Hamburg, Prague, Frankfurt, Vienna, Amsterdam, Rome, and Milan.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation