New Flyer says it will repurpose existing space at its production facility in Winnipeg and lease another site for final vehicle commissioning.

Proven replaces Brian Dewsnup, who became Chief Financial Officer in March.

The parent of ADL, New Flyer, and MCI announced sales revenues of just under USD2.7bn in 2023, a year-on-year increase 30% compared to revenues of just under USD2.1bn.

He replaces Pipasu Soni, who will leave the company to “pursue other opportunities”.

Through the 'Low- or No-Emission' and 'Grants for Buses and Bus Facilities' programmes, the government is offering USD1.1m and USD390,000 in grant money respectively.

Throughout 2024, Ballard will supply 100 hydrogen fuel cell engines (FCmove-HD) to power New Flyer’s Xcelsior Charge FC buses in North America. The engines will be produced in Ballard’s Oregon Facility in the U.S.A.

The money is derived from the Canadian government’s Jobs and Growth Fund through Prairies Economic Development Canada, a federal department responsible for the provinces of Alberta, Manitoba, and Saskatchewan.

American Battery Solutions Inc (ABS) states that its Li-Ion batteries have been fully designed, tested, and validated at its engineering and development centre located in Lake Orion with pack production scheduled to begin in the third quarter of 2023 at ABS' Springboro, OH manufacturing facility.

Altogether, the bus and coach group will raise gross proceeds of approximately USD444m through the refinancing plan.

Coliseum Capital Management already holds 12.4% of NFI’s issued and outstanding common shares; following the closure of the private placement on 30 June, the investment firm will own over a third of all NFI’s shares.

Kei replaces Brian Tobin, who leaves the Board after 17 years.

The Canadian bus and coach group's income went into the red in 2022, with adjusted EBITDA tumbling from USD164m the year before to minus USD59m.