DesignLine bankrupt

US bus manufacturer, DesignLine, has filed for bankruptcy following worker layoffs and a two week shut down. According to news reports, the company listed assets of $14.06m and debts of $37.5m in its bankruptcy filing. One of its largest creditors was New Jersey Transit, which the manufacturer owed $3.64m for payments on buses not delivered. DesignLine was founded in New Zealand in 1985 and relocated to Charlotte, North Carolina in 2006, after it was acquired by American interests. Its range included the EcoSmart electric single decker, the EcoSaver electric bus and the EcoCoach, powered by diesel or compressed natural gas (CNG). It also produced the Olymbus diesel electric which Stagecoach operated on the Quayside service in Gateshead and Newcastle. 

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses some unobtrusive cookies to store information on your computer, these are in place to ensure that you receive the best possible experience when using the Bus & Coach Buyer website.