The Winnipeg-based New Flyer bus maker said it will ramp up production in the second half of this year and hire about 100 workers as supply chain issues ease. (The Logic)
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The Winnipeg-based New Flyer bus maker said it will ramp up production in the second half of this year and hire about 100 workers as supply chain issues ease. (The Logic)
Talking point: The outlook, disclosed in its latest quarterly results, shows a slight turnaround compared to a few months ago, when NFI announced a refinancing plan to stay afloat. The company said Wednesday it had agreed to sell shares to an asset manager for $50.5 million to pay down debt as part of the program. The company posted a second-quarter net loss of US$48 million, down US$8 million from a year ago. The average sale price of its backlogged orders is up 20 per cent, and it said zero-emissions buses now make up 36 per cent of the backlog, up from 20 per cent a year ago.
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