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

UMA, Bus & Motorcoach Academy return to BusCon 2017

The two sessions at BusCon 2017 in Indianapolis Sept. 11 to 13, which are open to all bus operators, will discuss the capital cost of contracting and the federal governments Data Q system.

International Motor Coach Group names new EVP

Clymer Berry's career includes tenure at EF Education First, EF Explore America, and more recently with Agero Inc.

MCI set to open new San Francisco Service Center

The two-story, 34,000-square-foot building covering 4.2 acres in Hayward features the latest coach diagnostic equipment and tooling with the capacity to provide comprehensive service from general maintenance work to complete coach refurbishing.

MCI delivers J4500 to Wis.-based Babler Bus Service

The company’s new J4500 wears the most advanced features available, starting with the powertrain featuring the Detroit Diesel DD13 engine and Allison transmission.

FMCSA announces electronic logging device implementation tour

In several cities across the country, FMCSA subject matter experts will lead driver-focused presentations and panel discussions on ELD implementation.

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

Please sign in or register to .    Close