MAN Truck & Bus has signed a memorandum of understanding with Improtex Trucks & Buses (MAN's local partner) and the Government of Azerbaijan to establish local xKD production of electric buses. The agreement marks a further step in the company's international expansion strategy. The MoU was signed in Baku by Alexander Vlaskamp, CEO of MAN Truck & Bus, Samad Bashirli, Deputy Minister of Economy of the Republic of Azerbaijan, and Fizuli Alakbarov, President of Improtex Trucks & Buses LLC.
President Trump expressed confidence that the signing of the peace treaty between Azerbaijan and Armenia would foster a great relationship between their leaders and create economic opportunities for the region.