Press Releases

ST. CLOUD, Minn., Sept. 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 electric mass mobility solutions, today announced that the Capital Metro Transportation Authority (“CapMetro”) has executed an option for 26 zero-emission battery-electric Xcelsior CHARGE NG™ 40-foot transit buses via the existing five-year contract with NFI subsidiary ...

ST. CLOUD, Minn., Sept. 07, 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 its subsidiary, New Flyer of America Inc. (New Flyer), is the partner of choice in over $207 million in competitive grant awards through the Federal Transit Administration’s (FTA) 2023 Low- or No-Emission (Low-No) and...

All amounts shown in this press release are in U.S. dollars unless otherwise indicated WINNIPEG, Manitoba, Aug. 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, announced earlier today that it is in the process of completing all elements of its previously announced comprehensive refi...

Gross Proceeds of $444 Million Positions NFI to Capitalize on Operational Recovery, Record Backlog and Market Demand All amounts shown in this press release are in U.S. dollars unless otherwise indicated WINNIPEG, Manitoba, Aug. 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, annou...

Larbert, United Kingdom – 24th August 2023: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) Alexander Dennis, a subsidiary of NFI Group Inc., one of the world’s leading independent global bus manufacturers, today announced that Transdev Blazefield has ordered 19 next-generation Alexander Dennis battery-electric double deck buses for The Harrogate Bus Company. The new Alexander Dennis Enviro400EV are part-funded by the UK Government’s Zero Emission Bus...

All figures quoted in U.S. dollars unless otherwise noted: 2023 Q2 revenue of $660 million; 931 equivalent units ("EUs") delivered, with 25% being battery- and fuel cell-electric buses ("ZEBs"). 2023 Q2 Adjusted EBITDA2 of $12 million; Net loss of $48 million; Net loss per Share of $0.62 and Adjusted Net Loss per Share2 of $0.46. Ending liquidity2 position of $82 million, with a minimum liquidity requirement of $25 million.Ending total backlog p...

LARBERT, United Kingdom, Aug. 08, 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”) and BYD UK jointly announced today that their electric vehicle partnership has officially delivered its 1,500th electric bus, a BYD–Alexander Dennis Enviro2...

Larbert, United Kingdom – 3rd August 2023: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) Alexander Dennis, a subsidiary of NFI Group Inc., one of the world’s leading independent global bus manufacturers, today announced that Ben Werth has joined its executive management team. As Group Sales & Business Development Director, Ben Werth has overall responsibility for the UK & Ireland sales teams led by Fleet Sales Director Matthew Lawrence and Retai...

All amounts shown in this press release are in U.S. dollars unless otherwise indicatedWINNIPEG, Manitoba, July 31, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, TSX: NFI.R) 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 has received an extension of the date for the completion of the required amendments and the fina...

All amounts shown in this press release are in U.S. dollars unless otherwise indicated.WINNIPEG, Manitoba, July 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, TSX: NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today provided an update on the expected timing to complete its previously announced comprehensive refinancing plan (th...