30 Nov 2022

San Diego MTS selects NFI with award for up to 473 low- and zero-emission buses

ST. CLOUD, Minn., Nov. 30, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) has received new firm orders for 41 transit buses from the San Diego Metropolitan Transit System (“MTS”) with options for up to an additional 432 buses. In tot...
15 Nov 2022

NFI Announces Third Quarter 2022 Results

All figures quoted in U.S. dollars unless otherwise noted: Performance Highlights: 2022 Q3 revenue of $514 million; 783 equivalent units ("EUs") delivered, including 104 EUs of battery- and fuel cell-electric buses ("ZEBs"), which equates to 13% of total deliveries. 2022 Q3 Adjusted EBITDA2 of ($16) million; Net Loss per Share of $0.56 and Adjusted Net Loss per Share2 of $0.63.Ending liquidity2 position of $471 million, with a minimum liquidity...
10 Nov 2022

NFI subsidiary Alexander Dennis announces order for 200 double deck buses, the largest bus order in the UK since 2019

LARBERT, Scotland, Nov. 10, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that it has received an order for 200 low-emission Enviro400 double deck buses from Stagecoach. This represents the UK bus industry’s largest si...
07 Nov 2022

NFI raises over $381,000 through annual United Way campaign, supporting 18 communities across North America

NFI and its subsidiaries have raised over $3.5 million for United Way agencies since 2009   Winnipeg, Manitoba, CANADA – November 7, 2022: (TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI” or “the Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its annual United Way Workplace Campaign raised $381,868 – surpassing its goal by 13% and continuing NFI’s comm...
04 Nov 2022

NFI subsidiary Alexander Dennis unveils exciting new products and updates at Euro Bus Expo 2022

WINNIPEG, Manitoba, Nov. 04, 2022 (GLOBE NEWSWIRE) -- November 4, 2022: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that Alexander Dennis attended the Euro Bus Expo in Birmingham, United Kingdom earlier this week, connecting with customers, ...
03 Nov 2022

NFI named as partner of choice for over $380 million in FTA Low-No and Buses and Bus Facilities grants from 38 transit agencies across the United States

WINNIPEG, Manitoba, Nov. 03, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that NFI subsidiary New Flyer of America Inc. (“New Flyer”) has been named partner of choice by a total of 38 major transit agencies across the United States for its successful project awards from the F...
24 Oct 2022

NFI provides preliminary third quarter 2022 results and updates full year guidance

Expect to deliver third quarter 20221 Adjusted EBITDA3 of ($15) million to ($17) million with results impacted by unreliable supplier performance for certain critical parts and components, and heightened inflation.Based on expected year-to-date results and continuing critical part supply delays, NFI is lowering its planned fourth quarter vehicle deliveries and updating its Fiscal 20222 Adjusted EBITDA3 guidance to ($40) million to ($60) million.Q...
11 Oct 2022

First-of-its-Kind Vehicle-to-Building Resilience Hub Powered by Transit Buses

The Mobility House, CTE, AC Transit, New Flyer, Schneider Electric to deploy electric transit buses as mobile emergency backup power for community centers Oakland, California, October 11, 2022 — A new project funded by the California Energy Commission (CEC) will demonstrate the value of bidirectional electric vehicle charging to support a first-of-its-kind vehicle-to-building (V2B) resilience hub. This groundbreaking project will leverage stor...
28 Sep 2022

NFI unveils new zero-emission, battery-electric, high-floor commuter transit coach - the D45 CRT CHARGE™

      NFI's long-range, sustainable, and smart city-capable coach delivers excellent performance through high-power batteries, interoperable plug-in charging, and a high-torque electric drive system https://www.youtube.com/watch?v=9GecfRe_IoU DES PLAINES, Ill., Sept. 28, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility ...
22 Sep 2022

Transport for Greater Manchester orders 50 zero-emission electric buses from NFI subsidiary Alexander Dennis for franchised Bee Network

LARBERT, United Kingdom, Sept. 22, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (“Alexander Dennis”) today announced that Transport for Greater Manchester has ordered 50 zero-emission double deck buses from Alexander Dennis for the first phase of the franchised Bee Network...
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