27 May 2022

NFI subsidiary ADL announces delivery of 1000th BYD ADL electric bus

WINNIPEG, Manitoba, May 27, 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 (“ADL”) and BYD UK jointly announced today that their electric vehicle partnership, the UK’s leading electric bus producer, has delivered its 1000th zero-emission bus. ADL and BYD UK have been working...
25 May 2022

NFI releases its Environmental, Social and Governance Report for 2021

WINNIPEG, Manitoba, May 25, 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 released its Environmental, Social and Governance (“ESG”) Report for 2021 (“ESG Report” or “Report”), which can be found at https://www.nfigroup.com/esg/. “As leaders in transportation solutions, NFI plays a critical role in dr...
19 May 2022

NFI Provides Update on NFI Forward 2.0 Business Transformation Initiatives

WINNIPEG, Manitoba, May 19, 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 an update regarding “NFI Forward 2.0”, a series of new projects that are part of the Company’s business optimization and cost reduction initiatives. Today’s announcement includes the closure of the Motor...
12 May 2022

California’s Santa Barbara MTD orders 9 battery-electric buses from NFI

MTD becomes eleventh agency in California to purchase New Flyer ZEBs ST. CLOUD, Minn., May 12, 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 two new contracts from Santa Barbara Metropolitan Transit District (“MTD”) for ...
11 May 2022

NFI to Deliver 4 Additional Zero-Emission Battery-Electric Buses to New York’s CDTA

ST. CLOUD, Minn., May 11, 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”) is currently delivering four zero-emission, battery-electric Xcelsior CHARGE™ forty-foot heavy-duty transit buses, equipped with next-generation high-energy batteri...
10 May 2022

NFI receives first order from Dallas Fort Worth International Airport for 4 battery-electric Xcelsior CHARGE NG™ buses

ST. CLOUD, Minn., May 10, 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 a new contract from the Dallas Fort Worth International Airport (“DFW”) for four battery-electric, zero-emission Xcelsior CHARGE NG™ forty-foot heavy-d...
09 May 2022

NFI awarded new contract by MDOT Maryland Transit Administration for seven zero-emission buses

ST. CLOUD, Minn., May 09, 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 been awarded a contract from the Maryland Department of Transportation Maryland Transit Administration (“MDOT MTA”) to provide seven zero-emission buses as the ...
05 May 2022

NFI announces Election of Directors, including new member Wendy Kei, recipient of the 2022 Institute of Corporate Directors Fellowship Award

WINNIPEG, Manitoba, May 05, 2022 (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 Wendy Kei was elected as a new Director of the Board at the Company’s annual general meeting of shareholders (the “AGM”) held today. “Wendy is an important addition to the NFI Board. The diversity of her...
05 May 2022

NFI Announces First Quarter 2022 Results

All figures quoted in U.S. dollars unless otherwise noted: Summary Highlights: 2022 Q1 revenue of $459 million; 660 equivalent units ("EUs") delivered, including 202 EUs of battery- and fuel cell-electric vehicles ("ZEBs"), which equates to 31% of total deliveries. 2022 Q1 Adjusted EBITDA(2) of ($17) million; Net Loss per Share of $0.36 and Adjusted Net Loss per Share(2) of $0.53.Ending liquidity(2) position of $649 million. Quarter...
03 May 2022

Ohio’s COTA orders 8 more battery-electric buses and infrastructure from NFI

ST. CLOUD, Minn., May 03, 2022 (GLOBE NEWSWIRE) -- May 2, 2022: (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 Central Ohio Transit Authority (“COTA”) has exercised options for eight battery-electric Xcelsior CHARGE NG™ forty-foot heavy-duty transit buses from its subsidiary New Flyer of America Inc. (...
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