Ford to sell cars and pickup trucks in Myanmar
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The company logo shines on the grille of a 2006 Ford Escape outside the showroom of a Ford dealership in the south Denver suburb of Littleton, Colo on Aug 20, 2006. Ford Motor Co has signed a deal to distribute cars and pickup trucks in Myanmar, the head of Ford's local partner said. -- FILE PHOTO: AP
YANGON, Myanmar (AP) - Ford Motor Co has signed a deal to distribute cars and pickup trucks in Myanmar, the head of Ford's local partner said.
The automaker's first showroom in the country's largest city, Yangon, could open as early as May, said Capital Automotive director Khin Tun on Thursday.
Ford spokesman Neal McCarthy said the company is "gearing up for market entry" and has a local distributor, but declined to discuss details.
American brands PepsiCo, Coca-Cola, GE, Caterpillar and Danish brewer Carlsberg have all signed distribution deals in Myanmar, as rapid political and economic reforms transform the country from pariah state to investor darling.
