NFI Group Inc - North America’s largest and most diversified bus and coach manufacturer - has acquired Britain’s largest bus and coach builder, Alexander Dennis Ltd, for GBP320m; this represents an implied purchase multiple of 7.3 x ADL’s fiscal year 2018 adjusted earnings before interest, taxation, depreciation and amortisation and on a cash-free, debt-free basis, subject to certain adjustments. 

NFI Group Inc in March reported record new vehicle deliveries of 4,313 EUs in the year ending 2018, and up by 12.7% from 3,828 in 2017.

New Flyer of America Inc (a subsidiary of NFI Group Inc), has delivered the first of five Xcelsior CHARGE battery electric buses to Tri-County Metropolitan Transportation District of Oregon (TriMet).

Winnipeg-based NFI Group has launched, what it is calling its Autonomous Technology Programme which is to be developed by its New Flyer of America Inc and New Flyer Industries Canada ULC subsidiaries.

Dana Incorporated launched its latest direct-drive electric powertrain, the TM4 SUMO LD at the ACT Expo 2019.

Dana Incorporated is partnering with Canada’s electric drive and charging infrastructure specialist, Nordresa, to integrate its Spicer Electrified eS9000r e-Axle on the Isuzu Truck North America Inc N-Series chassis for commercial fleet applications.

Seoul-based Hanon Systems has completed its acquisition of the Fluid Pressure & Controls business of Canada's Magna International Inc for approximately USD1.2bn.

The Lion Electric Company has launched its first electric truck – the Lion8 – signifying its Class 8 classification.

New Flyer Industries Group has unveiled both 40ft single and 60ft articulated zero-emission hydrogen fuel cell-electric buses, under the name Xcelsior Charge H2.

TM4, the Boucherville, motor and inverter joint venture between Dana Incorporated and Quebec-Hydro has reached a major milestone with the production of its 12,000th TM4 SUMO electric powertrain system for heavy commercial vehicles in China.

New Flyer of America Inc of Crookston, Minnesota, which is a U.S. subsidiary of Winnipeg-based NFI Group Inc, has introduced Connect 360 – a real-time, cloud-based business analytics dashboard for Xcelsior Charge battery-electric buses, operated by New Flyer Connect.

Westport Fuel Systems Inc has appointed David M Johnson as chief executive officer, effective immediately.