NFI Group

NFI Announces Chief Financial Officer Transition

Retrieved on: 
Thursday, February 8, 2024

WINNIPEG, Manitoba, Feb. 08, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent global bus and coach manufacturer and a leader in electric mass mobility solutions, announced today that Brian Dewsnup has been appointed as Executive Vice President and Chief Financial Officer (“CFO”) of the Company, effective March 1, 2024.

Key Points: 
  • WINNIPEG, Manitoba, Feb. 08, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent global bus and coach manufacturer and a leader in electric mass mobility solutions, announced today that Brian Dewsnup has been appointed as Executive Vice President and Chief Financial Officer (“CFO”) of the Company, effective March 1, 2024.
  • Pipasu will support the transition and smooth handover to Brian through the second quarter of 2024.
  • Brian subsequently held several positions with NFI, including Executive Vice President of Business Development and then President of NFI Parts.
  • “I’m very excited to have Brian become our next Chief Financial Officer,” said NFI President and Chief Executive Officer Paul Soubry.

NFI recaps strong showing at APTA TRANSform Conference and EXPO; announces eligibility for U.S. Commercial Clean Vehicle Credit

Retrieved on: 
Wednesday, October 18, 2023

ST. CLOUD, Minn., Oct. 18, 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 zero-emission electric mass mobility solutions, today recapped a successful week attending the American Public Transportation Association (APTA) TRANSform Conference and EXPO (EXPO) in Orlando, Florida. NFI showcased its mobility solutions ecosystem and market-leading vehicle lineup, with attendance from all NFI subsidiaries.

Key Points: 
  • NFI showcased its mobility solutions ecosystem and market-leading vehicle lineup, with attendance from all NFI subsidiaries.
  • Thank you to the entire APTA team for another hugely successful event,” said Paul Soubry, President and Chief Executive Officer, NFI.
  • NFI also operates the Vehicle Innovation Center (“VIC”), the first and only innovation lab of its kind dedicated to advancing bus and coach technology and providing workforce development.
  • Since opening in late 2017, the VIC has hosted over 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.

NFI subsidiary Alexander Dennis appoints Big Rig Manufacturing as Enviro500 build partner for North America

Retrieved on: 
Monday, September 25, 2023

WINNIPEG, Manitoba, Sept. 25, 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 appointed Big Rig Manufacturing as contract manufacturing partner to meet resurging interest in the Enviro500 double decker in North America.

Key Points: 
  • WINNIPEG, Manitoba, Sept. 25, 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 appointed Big Rig Manufacturing as contract manufacturing partner to meet resurging interest in the Enviro500 double decker in North America.
  • Big Rig Manufacturing is a subsidiary of Big Rig Collision Group, a leading provider of truck, bus and motorcoach accident repairs in Canada and the United States.
  • Stephen Walsh, Vice-President and General Manager of Alexander Dennis in North America, said: “We’re excited about this new opportunity with Big Rig Manufacturing which provides an elegant and efficient solution to restarting double deck production in North America.
  • Their intimate knowledge of our bus construction and design processes will help Big Rig Manufacturing to ensure a smooth production of the Enviro500.

John Walsh Appointed Chief Commercial Officer, Americas as part of EO Charging's Rapid Expansion into North America

Retrieved on: 
Tuesday, September 19, 2023

KANSAS CITY, Mo., Sept. 19, 2023 /PRNewswire/ -- EO Charging ("EO"), Europe's leading provider of software, maintenance services and turnkey design and construction for depot-based van, truck and bus fleets, announced that John Walsh has joined the company as Chief Commercial Officer of its Americas business. Walsh brings more than three decades of experience in the transportation industry to the company, with expertise in transit and school bus electrification solutions. Walsh will lead all commercial aspects of EO's Americas business to support the company's recently announced expansion into the U.S. market.

Key Points: 
  • Walsh brings more than three decades of experience in the transportation industry to the company, with expertise in transit and school bus electrification solutions.
  • Walsh will lead all commercial aspects of EO's Americas business to support the company's recently announced expansion into the U.S. market .
  • "The North American market is witnessing unprecedented heavy-duty vehicle electrification amplified by sustainability targets and widespread funding availability.
  • Walsh has also served as Vice President of Sales and Marketing at ARBOC Specialty Vehicles and CEO of VPG Autos.

NFI named one of Corporate Knights Best 50 Corporate Citizens in Canada for second consecutive year

Retrieved on: 
Wednesday, June 28, 2023

WINNIPEG, Manitoba, June 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 it has been ranked among Corporate Knights’ Best 50 Corporate Citizens in Canada for the second consecutive year.

Key Points: 
  • WINNIPEG, Manitoba, June 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 it has been ranked among Corporate Knights’ Best 50 Corporate Citizens in Canada for the second consecutive year.
  • The Best 50 Corporate Citizens in Canada highlights companies that outperform their peers in corporate sustainability leadership.
  • “At NFI, we take pride in being an employer of choice, and we continuously strive to be a good corporate citizen.
  • It is an honour for NFI Group to be named among the Best 50 Corporate Citizens in Canada for the second consecutive year, and we extend our thanks to Corporate Knights for this recognition,” said Natalia Klumper, Sustainability Manager, NFI.

Major Players In The Buses And Coaches Market Are Focusing On Manufacturing Electric Busses And Zero Emission Coaches To Reduce Pollution - By The Business Research Company

Retrieved on: 
Tuesday, June 13, 2023

LONDON, June 13, 2023 /PRNewswire/ -- As per The Business Research Company's Buses And Coaches Global Market Report 2023, the global buses and coaches market size will grow from $42.7 billion in 2022 to $45.9 billion in 2023 at a compound annual growth rate (CAGR) of more than 7%. The global buses and coaches market size is then expected to grow to $60.1 billion in 2027 at a CAGR of more than 6%.

Key Points: 
  • Eco-friendly public transportation can play a significant role in controlling carbon emissions, according to the buses and coaches market overview .
  • Due to rising focus on cutting carbon emission, electric buses are gaining popularity in the buses and coaches market.
  • Major manufacturers in the buses and coaches market are increasingly focusing on offering electric buses to cut costs, reduce environmental impact and increase profitability.
  • As per the buses and coaches market analysis, Asia-Pacific was the largest region in the buses and coaches market and was worth $18.7 billion in 2022.

Major Players In The Buses And Coaches Market Are Focusing On Manufacturing Electric Busses And Zero Emission Coaches To Reduce Pollution - By The Business Research Company

Retrieved on: 
Tuesday, June 13, 2023

LONDON, June 13, 2023 /PRNewswire/ -- As per The Business Research Company's Buses And Coaches Global Market Report 2023, the global buses and coaches market size will grow from $42.7 billion in 2022 to $45.9 billion in 2023 at a compound annual growth rate (CAGR) of more than 7%. The global buses and coaches market size is then expected to grow to $60.1 billion in 2027 at a CAGR of more than 6%.

Key Points: 
  • Eco-friendly public transportation can play a significant role in controlling carbon emissions, according to the buses and coaches market overview .
  • Due to rising focus on cutting carbon emission, electric buses are gaining popularity in the buses and coaches market.
  • Major manufacturers in the buses and coaches market are increasingly focusing on offering electric buses to cut costs, reduce environmental impact and increase profitability.
  • As per the buses and coaches market analysis, Asia-Pacific was the largest region in the buses and coaches market and was worth $18.7 billion in 2022.

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

Retrieved on: 
Wednesday, November 30, 2022

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 total, NFI will add 617 Equivalent Units (“EUs”) to its backlog from firm and option orders. These units were included in NFI’s pending awards at the end of the third quarter of 2022. The firm orders include:

Key Points: 
  • The firm orders include:
    28 Xcelsior compressed natural gas (CNG) forty-foot, heavy-duty transit buses, and
    13 Xcelsior CHARGE NG battery-electric forty-foot, heavy-duty transit buses.
  • The five-year contract includes options to purchase forty-foot and sixty-foot Xcelsior CNG buses, as well as forty-foot and sixty-foot Xcelsior CHARGE NG battery-electric buses.
  • MTS is one of the oldest transit systems in Southern California, serving the San Diego communityfor more than 135 years.
  • MTS operates one of the cleanest public transit fleets in the United States, providing 88 million annual passenger rides across San Diego County on nearly 100 fixed bus routes.

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

Retrieved on: 
Thursday, November 10, 2022

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 single order by number of vehicles since 2019.

Key Points: 
  • This represents the UK bus industrys largest single order by number of vehicles since 2019.
  • We look forward to working with Alexander Dennis to get our new buses into service starting early next year.
  • We are delighted to continue to support Stagecoach in making buses across the UK cleaner and greener, said Paul Davies, President & Managing Director, Alexander Dennis.
  • Alexander Dennis Limited (Alexander Dennis) is a global leader in the design and manufacture of double deck buses and is also the UKs largest bus and coach manufacturer.

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

Retrieved on: 
Wednesday, September 28, 2022

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 solutions, today announced that its subsidiary Motor Coach Industries (“MCI”) has unveiled its new zero-emission, battery-electric high-floor commuter coach – the D45 CRT CHARGE™.

Key Points: 
  • The D45 CRT CHARGE - a zero-emission version of the best-selling D45 Commuter Rapid Transit (CRT) series public transit coach - integrates proven CHARGE propulsion from New Flyer, including regenerative braking, and features design advancements of MCI's next generation D45 CRT commuter transit coaches, including enhanced reliability, efficiency, and high performance.
  • The D45 CRT CHARGE marks the eighth unique zero-emission bus (ZEB) NFI has introduced in the past two years.
  • The Buy America-compliant D45 CRT CHARGE comes with MCI's legendary quality and reliability, retaining the class-leading features of the D45 CRT series, known as workhorses in the public transit industry.
  • Products include the luxury J-Series (an industry best-seller for over a decade), the workhorse D-Series , and the brand new zero-emission luxury and commuter coaches: the battery-electric J4500 CHARGE, D45 CRT CHARGE and MCI D45 CRT LE CHARGE .