The Winnipeg-based bus maker warned that it is temporarily halting some new vehicle production after critical suppliers missed deliveries. NFI delayed its upcoming third-quarter earnings report and said it expects a fiscal 2022 loss of about $40 million to $60 million in adjusted earnings before interest, taxes, depreciation and amortization. (The Logic)

Talking point: The company said it’s working with banks and the federal and provincial governments on “potential relief from credit facility covenants” that resume on Jan. 1. On a conference call, CEO Paul Soubry said the updated forecast is a “significant reduction” due to supply constraints. “With today’s transit buses requiring such an increased level of electrification [and] electrical integration, missing even one component in the production line will not allow the bus to run,” he said. NFI’s shares closed down more than 18 per cent.