American Ikarus
From CPTDB Wiki
History
Hungarian-born/US-residing investor Peter Rona, director of the First Hungary Fund Ltd of Jersey, United Kingdom, purchased 75% of Ikarus USA in mid-1992 with Ikarus retaining 25%. With the purchase came many changes, most significantly the name of the company to American Ikarus and the base of production moving from Union City to Anniston, Alabama.
Though American Ikarus was more successful than its predecessors, by the mid 1990s Ikarus decided that they wanted to leave the North American market given increased competition in Europe.
In 1996, Ikarus sold their share of American Ikarus to the First Hungary Fund which took on the current NABI brand name and North American Bus Industries corporate name upon closing.
