LARBERT, Scotland, May 19, 2020 / CNW / – (TSX: NFI) Alexander Dennis Limited (“ADL”), a subsidiary of NFI Group Inc. (“NFI”), one of the largest independent global bus manufacturers in the world, today announced a vision for bus transformation in great Britain which can see at least 10,000 new low, ultra-low and zero buses in service in the next 4 years, the first of them hit the road before the end of the year to maintain the benefits of lower pollution and cities with better air quality and The city has experienced coronavirus lockdown.
- ADL proposes to maintain the benefits of lower pollution and better air quality when the British economy starts again
- At least 10,000 new low, ultra low and zero emission buses built in the UK can operate in the next 4 years
- This proposal that can be sent will have immediate benefits before the end of the year, cutting emissions by operating electricity on highways in the UK, near schools and in hospitals
- This new clean bus can eliminate old diesel vehicles or increase capacity to allow social distance
- ADL urges the British Government and delegated administration to accelerate the transition to cleaner transportation
- British bus manufacturers save investment in the country and open up export opportunities for Global Britain
Coronavirus locking has demonstrated the ability to live in cities and cities free from chokehold traffic jams dominated by cars, because traffic volumes have been reduced while people stayed at home to protect the NHS and save lives. With more than 60% of UK road transport emissions in normal times caused by cars – compared to under 3% caused by buses – the result is a very poor improvement in air quality.
“There is strong public support to lock these benefits through and beyond post-coronavirus recovery to maintain a healthier environment and continue the fight against climate change,” said Colin Robertson, Chief Executive English the biggest bus builder, ADL.
“Along with active travel and other modes of public transportation, buses are an important part of the solution. As a society, we need to act immediately and provide benefits as quickly as possible to minimize the decline in air quality when the economy starts again.”
At least 10,000 new low, ultra low and zero emission buses made in the UK can operate in the next four years. Combining the various technologies available produces highly proposals that can be sent with immediate benefits.
New low and very low emission buses can be ready before the end of the year to take older buses with older diesel engines off the road or to offer additional capacity to facilitate social distance. These very low emission buses can produce zero emission electric self-contained reach capability – fully cutting emissions on high roads, near schools or in hospitals – without losing time for infrastructure planning and installation.
Work can begin in parallel to plan and develop infrastructure for zero emission buses, with battery electric buses available in volumes supported by proven expertise in launching a fleet. Hydrogen buses will play a role for routes that require additional coverage and they will be ready when the refueling infrastructure and sustainable green hydrogen supply have been put in place.
10,000 buses over four years will represent a return to a healthy level of investment in the modern bus fleet that has been seen so that the impact of previous government cuts has been felt in recent years. British bus manufacturers including ADL have the production capacity to meet this demand. Further investment to accelerate the decarbonization of transportation can create additional highly skilled jobs in world-class industries.
Colin Robertson said: “The initial pledge of £ 5 billion by the British Government for buses and biking acknowledged the need to invest in an active and sustainable travel model. Now this is more important than ever because the economy emerged from the effects of coronavirus.
“We urge the British Government and delegate the administration to accelerate the transition to cleaner transportation by accelerating funding destined for zero emission buses and ensuring the health benefits of a direct positive impact on air quality can be provided by low and very low emission buses that can be ready to work before later this year. “
Clean, spacious, and well-equipped buses will also function to convince passengers of safe travel – with the necessary social distance – to workplaces, high streets, shopping centers, and recreational activities, helping to restore the country’s economy.
As the largest bus manufacturer in the UK, ADL is ready to quickly deliver low, very low and zero emission buses. Employing 2,500 staff in the UK and supporting 12,500 further jobs in the wider supply chain, ADL’s production capacity in the UK reaches more than 1,500 buses per year can be increased to provide cleaner bus benefits on a large scale.
ADL offers the widest range of technology solutions on the market including low emission buses, hybrid ultra low emission electric ranges and zero emission batteries and hydrogen fuel cell buses.
Colin Robertson explains: “We support all the leading clean bus technologies and realize that one size does not fit all, which is why we have developed a choice of solutions that meet the needs and priorities of individual cities and operators – be they air quality targets, carbon reductions, interior spatial planning, acquisition costs, total cost of ownership, or a combination of these.
“We have invested tens of millions in innovation – our solutions are ready to be delivered on a large scale with the assurance that they will do what is needed.”
Bus manufacturing represents more than 10% of the total UK motorcycle industry workforce and bus manufacturers meet more than three-quarters of domestic demand, maintaining investment in the country. The British bus manufacturer is globally recognized for its innovation in low and zero emission bus technology, energy-efficient design, and passenger facilities. A healthy home market is crucial for the dynamic UK bus manufacturing industry because it enables it to export world class products and seize significant opportunities for Global Britain.
“ADL has a proud history of working with industry, not only for industry but for the nation,” said the ADL Chief Executive Colin Robertson.
“We have shared this proposal with senior ministers in the Governments of England and Scotland to show how our industry can lead a post-coronavirus economic recovery to provide health benefits for the whole country. The realization of our proposal can begin immediately, and can be increased. In size and ambition. to match the decarbonization targets of the council and the government. We are ready to give to the nation. “
Note to editor
- 10,000 new clean buses for 4 years will approach the normal investment level. British operators have historically registered between 2,500 and 3,000 new buses per year, although in the last two years it has dropped to under 2,000 buses because of the impact of previous government cuts to support and socially needed services.
- More than three-quarters of UK demand for buses is met by domestic producers, including ADL, maintaining investment in the country.
- UK bus services require special types of vehicles such as double deckers which are not common in other countries and are therefore generally not offered by international suppliers. A healthy and vibrant domestic bus manufacturing industry is essential to prevent dependence on inappropriate imported products.
- The UK bus manufacturing industry has been at the forefront of marketing efficient, cost-effective, low-emission, low emission bus technology to the market, often ahead of its development and placement in other countries.
With 9,000 team members operating from more than 50 facilities in ten countries, NFI is a leading independent global bus manufacturer that provides a complete range of mass transportation solutions with brands: New Flyer® (heavy duty transit bus), Alexander Dennis Limited (single and double bus ), Plaxton (motor car), MCI® (motor car), ARBOC® (low car and medium duty bus), and NFI Parts ™. NFI bus and motor trainers combine the widest range of drive systems available including: clean diesel, natural gas, hybrid diesel-electricity, and no emissions electricity (trolleys, batteries, and fuel cells). In total, NFI now supports more than 105,000 buses and coaches currently operating throughout the world. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and www.nfi.parts.
About Alexander Dennis
Alexander Dennis Limited (“ADL”) is a global leader in the design and manufacture of double deck buses and is also the largest bus manufacturer and coach in the UK. ADL offers single and double deck vehicles under the brand Alexander Dennis and Plaxton, and has more than 31,000 vehicles operating in the UK, Europe, Hongkong, Singapore, New Zealand, Mexico, Canada and United States of America. Further information is available at www.alexander-dennis.com.
Forward Looking Statement
Certain statements in this press release are “forward-looking statements”, which reflect management’s expectations regarding the Company’s future growth, liquidity, results of operations, performance, and business prospects and opportunities. The words “believe”, “anticipate”, “plan”, “expect”, “mean”, “project”, “estimate”, “estimate”, “maybe”, “maybe”, “will”, and similar expressions intended to identify forward-looking statements. This forward-looking statement reflects the management’s current expectations regarding future events and operating performance and only speaks at the date of this press release. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and will not always be an accurate indication of whether the time or where the performance or results will be achieved.
Actual results can differ materially and negatively from management’s expectations as projected in forward-looking statements for a variety of reasons, including, but not limited to, the magnitude and length of global, national and regional economic and social disruptions caused as a result of the global pandemic COVID- 19; the impact of laws, regulations, and “on-site protection” of national, regional and local governments, or similar orders related to the COVID-19 pandemic which materially adversely affects the Company’s ability to continue operations; additional closure of part or all of one, more or all Company facilities and work sites (including to protect the health and safety of Company employees) or extension of closure as a result of the COVID-19 pandemic; continue and worsen supply delays and parts and component shortages and disruptions in labor supply as a result of the COVID-19 pandemic; the COVID-19 pandemic is likely to affect customer operations as a result of shutdowns and / or disruptions to their operations and services provided to their customers and end users; the ability of the Company to gain access to additional capital if needed; financial performance and conditions, liabilities, cash flow and liquidity of the Company and its ability to maintain compliance with agreements in its credit facilities, which can also negatively impact the Company’s ability to fund dividends; and other risks and uncertainties detailed in the disclosure document submitted with the Canadian securities regulatory authority and available at SEDAR at www.sedar.com. The above risks related to the impact of the COVID-19 pandemic can materially have a negative impact on the Company’s business, operating performance and financial condition, including as a result of the reduction in cash flow, liquidity, and the Company’s ability to maintain compliance with the agreements in its credit. . amenities. There is no guarantee that the Company will be able to maintain sufficient liquidity for a long period of time, obtain assistance in future agreements based on its credit facilities or access to additional capital or access to government financial support or when production operations will begin.
The Company warns that due to the dynamic, smooth and highly unpredictable nature of the COVID-19 pandemic and its impact on the global and local economy, business and individuals, it is not possible to predict the severity of its impact on business, the Company’s operating performance. and financial conditions and any material adverse effects can be very fast, unpredictable and can continue for long and unknown periods of time. The level of impact will depend on unpredictable future developments, including new information that may emerge about the spread and severity of COVID-19 and actions taken by governments and health organizations around the world to overcome its effects, among others.
Due to the potential impact of these and other factors, the Company rejects any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or vice versa, unless required by applicable law.
SOURCES Alexander Dennis Limited
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For ADL media inquiries, please contact: Jacqueline Anderson, +44 7796 715 607, [email protected]; For NFI investor inquiries, please contact: Stephen King, +1 204 224 6382, [email protected] CNW Group 2020
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