May 3 (Reuters) – Japan’s Nissan Motor Co Ltd (7201.T) won New York City’s 10-year contract to build the next generation of taxis for the city, a deal estimated to be worth more than $1 billion, the New York Daily News reported on Tuesday, citing unnamed sources.
“Mayor Michael Bloomberg and the city’s Taxi and Limousine Commission were due to announce the winner later on Tuesday.
The other two finalists for the concession were Turkish manufacturer Karsan Otomotiv (KARSN.IS) and U.S. automaker Ford Motor Co (F.N).
The “Taxi of Tomorrow” would replace the 16 models now authorized. The 10-year contract is expected to begin in 2013.”
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