BUSINESS

Production of the new Pony to start by the end of the year, NAMCO says

Production of the new generation light-passenger-utility Pony vehicle will begin by the end of the year, NAMCO (National Motor Company of Greece) has announced according to a report in Eleftherotypia newspaper on Wednesday.

Petros Tzanetos-Kondogouris, owner of the Thssaloniki-based company, told the newspaper that after more than two years of bureaucratic obstacles, just a few final formalities were left before production can begin. He said 150 workers would originally be assigned on the project.

First introduced at the Thessaloniki International Fair (TIF) in the early 1970s, the Pony was hailed by the German press as a car “so ugly it's beautiful.” The new version will reportedly be powered by a 1300 cc (75 hp) or a 1400 cc (80 hp) engine. Tzanetos-Kondogouris said the goal was to keep the price of the car below 7,000 euros.

“Not only is it hard to open an industry in Greece. It is like carrying Mount Olympus on your shoulders. But we are not blaming anybody, we are not lamenting our fate. We just keep looking forward,” he told the newspaper.

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