Arrival, a market disruptor aiming to manufacture an electric bus, has established a $300million equity financing line with Westwood Capital. The deal provides the company with access to additional liquidity, subject to certain conditions. Additionally, Dr Yunseong Hwang has stepped down from the Arrival Board of Directors, effective immediately as of today (16 March 2023). […]
Volvo Buses is to close its bodybuilding factory in Wroclaw, Poland, during the first quarter of 2024. The news came as the Swedish manufacturer announced it is changing its business model in Europe, focusing on chassis production. It plans to work with external bodybuilders to offer a range of city and intercity buses and coaches […]
Alexander Dennis’ AD24 aftermarket service is preparing its aftermarket for an increase in operator refurbishment requests, anticipating an increase in vehicle refurbishments through its workshops as it continues to see operators lengthen the life of their fleets. The unprecedented, extended period of inactivity for bus operators’ vehicles due to the pandemic is now allowing some […]
Abellio UK and its Dutch shareholder Nederlandse Spoorwegen today signed off a management buyout, in a process which began in August 2022, after receiving all formal approvals required. Following the completion of this complex deal, Transport UK Group Ltd (TUK), will take over all Abellio UK’s existing services, serving millions of rail and bus passengers […]
Electric steering columns that provide ergonomic adjustability are common in the automotive sector but this technology is yet to make its debut in the commercial vehicle sector. Many manufacturers are interested in the concept, but it is up to technology suppliers to translate this vision into reality. The origins of the electric memory steering column […]
Ben Colson MBE is standing down as Chair of Bus Users UK after five and a half years in the role. Ben joined Bus Users in 2018 following an illustrious career in the UK bus industry. In 1996 he founded the Kings Lynn based Norfolk Green Bus Company, the only SME to receive the UK […]
Thornes Independent of Hemingbrough, North Yorkshire is set to hand over the 71 route to Go-Ahead-owned East Yorkshire on 14 April. The rural Service 1 route has been operated by Thornes since 1952, the same year Queen Elizabeth acceded to the throne. Running between the operator’s former home village of Bubwith and Selby, the service’s […]
FirstGroup plc has agreed to buy Ensign Bus Company Limited, the Essex-based operator founded by Peter Newman which has extensive operations around London. The acquisition of the Ensignbus business will not only provide a number of synergies and value accretive growth opportunities in the B2B and bus vehicle dealership markets, but it will also enhance […]