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On reaching Dunston Hill the passengers had perforce to alight and walk up the hill behind the struggling bus.
In 1966, Mr. Trautman, a lawyer, took over the struggling bus company and built it largely through acquisitions in the 1970's, when conglomerates were popular.
Stagecoach said today that it was in talks to buy parts of National Express but is also considering a full £600 million bid for the struggling bus and trains group.
Meanwhile, Bashi, a struggling bus service provider in Shanghai, will shed about 2.2 billion yuan of public transport assets, Bashi said in a stock exchange statement on Monday.
Richard Bowker, chief executive of National Express, on Tuesday night announced his resignation from the struggling bus and rail operator, just hours before it was due to make a crucial trading statement.
As part of a syndicate of 12 struggling bus drivers who shared a £38million jackpot, Mr Noakes, from Corby, thought all his dreams had come true when their numbers came up a year ago.
Chief Executive Hakan Samuelsson has said charges for its struggling buses operations of 130 million euros in the second quarter should definitely be the last and wants the business to eventually achieve an 8.5 percent operating margin by 2010.
The division's revenue should climb 5.8 percent to 11 billion euros in 2008 while its operating margin should maintain the 11.0 percent pace from the first quarter as the struggling buses business dramatically improves its performance, MAN said.
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