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It's not clear yet what prompted Warren Buffett's investment company to trim its holdings of the electric school bus maker's Hong Kong-listed shares.
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The school bus manufacturer donated about $50,000 worth of bicycles and safety gear to the Bikes for Kids Foundation, specifically for students at two North Carolina schools.
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While purchase orders for new school buses increased overall, production lines continue to struggle to meet demand in a timely manner due to ongoing supply chain issues. School districts might order a new bus today but not actually see it loading up with students until 2024.
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Gov. JB Pritzker signed into law the Reimagining Electric Vehicles in Illinois Act to incentivize electric vehicle production across the state to help reach the administration’s goal of one million EVs on the road by 2030.
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The company reported higher net sales compared to 2021, with the EPA’s Clean School Bus Program and expansion into the last-mile delivery market as reasons for an optimistic 2023.
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The sixth amendment to the school bus manufacturer's 2016 credit facility extends the maturity date until Dec. 31, 2024.
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The move means that Trans Group owner John Corr and Trans Tech Bus President John Phraner now are exclusive owners of Trans Tech
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The school bus manufacturer focuses on electric vehicle market growth while supply chain struggles continue.
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Ramped-up production of BEAST and Nano BEAST electric school buses is expected to begin at the East Coast facility in September.
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The North Carolina company cites increased demand and a need to prepare for ramped-up electric school bus production.
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