Update on narrative occurring with this order. NFI is known to use Model year with calendar year of production just like what occurred with the NFI 60 foot order. 21000 series can go on into end of December 2021 with model year 2021. They have 151 buses to go and some are already being delivered as 2021 models. This explains what is going on here.
Also,
NFI is eager to complete this order of producing legacy D models and focus on the next gen D series across the board. They are streamlining all of their plants to be able to build J-series and next gen D series alongside each other in addition to their XD product lines. Have fun folks
*reference the august 4, 2021 investor call
NFI Forward projects currently in process include:
formalizing a Company-wide strategic sourcing program to leverage purchasing scale and optimize product designs across vehicle models and supply chains;
increasing dual production line capabilities for heavy-duty transit buses and motor coaches within select New Flyer and MCI facilities
Over the past year, the following NFI Forward activities have been completed:
the streamlining of administrative and back-office functions, including Human Resources, Finance and Treasury, into an integrated shared services model;
the combination of New Flyer® and MCI® into one consolidated North American operating business, while retaining both market-leading transit bus and motor coach brands;
the rationalization of ADI’s North American parts business into the NFI Parts™ business, reducing the number of North American parts stocking locations from 22 to 7;
cessation of chassis manufacturing at Alexander Dennis Limited’s (“ADL”) Guildford facility; and
the integration of all Winnipeg-based fiberglass facilities into one facility.