Nova Bus, Partly Owned by Volvo Bus Corporation, Awarded Contract for 825 Buses.Business Editors ST. EUSTACHE--(BUSINESS WIRE)--Nov. 23, 2001 Nova Bus Nova Bus is a bus manufacturing company based in Saint-Eustache, Quebec, Canada. The company is now owned by Prevost Car, which is a division of Volvo Buses. Nova Bus was created by a reorganization of the transit bus division of MCI in 1993, and continued the production of in St. Eustache, Canada, a joint venture between Volvo Bus Corporation and Henlys, has been awarded a five-year contract for 825 buses. The customer is a purchasing consortium representing nine transit bus operators in the Province of Quebec, Canada. The deal is a base for a broad and viable business venture between the customers of the purchasing consortium and Nova Bus. The buses to be delivered are the leading low-floor concept in the Canadian market with a proven and well-known design. The deal is for the supply of 825 buses during a period of five years from 2003 to 2007. Additionally, there is an option for 250 buses for the year 2008 and 2009 respectively and an overall option of a further 20% increase of the above volumes. ATUQ (Association du Transport Urbain du Quebec) is the purchasing consortium consisting of nine transit bus operators in the Province of Quebec, Canada. The leading member is STCUM STCUM Société de Transport de la Communauté Urbaine de Montréal (French: Montreal Urban Community Transport Commission) STCUM Société des Transports de la Communauté Urbaine de Montréal (Societe de Transport de la Communaute Urbaine de Montreal). The customer consortium operates over 3,000 vehicles, primarily Nova buses. The value of the contract is expected to be in the range of CAD 400 M to CAD 700 M, which provides a strong foundation for future profitable development of the Canadian division of Nova Bus. Volvo Buses makes structural changes in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. joint venture The RTS-division of Nova Bus situated in Roswell, New Mexico Roswell is a city in Chaves County in the southeastern quarter of the state of New Mexico, USA. It is the county seat of Chaves County. As of the 2005 census estimate, the population was 45,199, making it New Mexico's fifth largest city. provides high-floor buses, mainly for the US market. The demand for the high-floor concept has decreased significantly, which has resulted in financial losses. Therefore, Nova Bus in Roswell has announced that they are seeking a buyer who can secure its future. In the event that a divestment is not achieved, the operation will be progressively phased out. Presently there are about 400 people employed at Roswell. In 1995, Volvo Bus Corporation and Henlys Group plc formed a joint venture to acquire Prevost Car Inc. Nova Bus LFS LFS Linux from Scratch LFS Labour Force Survey (UK) LFS Live for Speed (computer racing simulation) LFS London Film School LFS Log-Structured File System (Unix, BSD) Division in St. Eustache, Canada, and Nova Bus RTS (Request To Send) An RS-232 signal sent from the transmitting station to the receiving station requesting permission to transmit. Contrast with CTS. 1. (operating system) RTS - run-time system. 2. Division in Roswell, New Mexico were added to the venture in 1998. Volvo has held 51% and Henlys 49% of the shares. The Shareholders have decided to equalise Verb 1. equalise - compensate; make the score equal equalize, get even rack up, score, tally, hit - gain points in a game; "The home team scored many times"; "He hit a home run"; "He hit .300 in the past season" 2. the shareholding to a 50/50 basis to better reflect the nature of the collaboration. |
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