Press Releases

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES All amounts shown in this press release are in U.S. dollars unless otherwise indicated. WINNIPEG, Manitoba, May 11, 2023 (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, as part o...

All amounts shown in this press release are in U.S. dollars unless otherwise indicated. WINNIPEG, Manitoba, May 10, 2023 (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 it is working to complete a comprehensive refinancing plan to improve financial flexibility, strengthen its b...

WINNIPEG, Manitoba, May 04, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The board of directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, is pleased to announce that Jannet Walker-Ford was elected as a new Director of the Board at the Company’s annual and special general meeting of shareholders (the “Shareholder Meeting”) held yesterday. The Company is pleased to a...

All figures quoted in U.S. dollars unless otherwise noted: Performance Highlights: 2023 Q1 revenue of $524 million; 792 equivalent units ("EUs") delivered, with 21% from battery- and fuel cell-electric buses ("ZEBs"). 2023 Q1 Adjusted EBITDA2 of $7 million; Net Loss per Share of $0.60 and Adjusted Net Loss per Share2 of $0.49. Ending liquidity2 position of $124 million, with a minimum liquidity requirement of $25 million.Continued focus on ...

ST. CLOUD, Minn., April 28, 2023 (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 the Regional Transportation Commission of Southern Nevada (“RTC”) has awarded its subsidiary New Flyer of America Inc. (“New Flyer”) a new contract for zero-emission vehicles. This is RTC’s third zero-emission con...

LARBERT, United Kingdom , April 24, 2023 (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 delivered the first next-generation Enviro500EV zero-emission double deck buses to The Kowloon Motor Bus Company (1933) Limi...

  Winnipeg, Manitoba, CANADA – April 21, 2023: (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 is pleased to celebrate Earth Day, today, tomorrow, and every day. The theme for Earth Day 2023 is Invest In Our Planet. For decades, NFI has been leading the evolution to zero-emission transportation, the ZEvolutionT...

St. Cloud, Minnesota, USA – April 19, 2023: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of America Inc. (“New Flyer”), a subsidiary of NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that New York City Transit Authority (“NYCT”) has exercised an option for an additional 116 Xcelsior® 40-foot, heavy-duty transit buses. The order was included in...

St. Cloud, Minnesota, USA – April 17, 2023: (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, is proud to announce that NFI President and Chief Executive Officer Paul Soubry was awarded the Lifetime Achievement Award by the Transportation Diversity Council (“TDC”) during today’s 2023 Transportation & Infrastructure Sum...

LARBERT, Scotland and IVER, United Kingdom, April 13, 2023 (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” or “AD”) and BYD UK jointly announced today that their electric vehicle partnership, the UK’s leading electric bus producer, has taken ...