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Hamilton Spectator
13-05-2025
- Business
- Hamilton Spectator
Westport Fuel Systems Reports First Quarter 2025 Financial Results
VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. ('Westport') (TSX:WPRT / Nasdaq:WPRT) reported financial results for the first quarter ended March 31, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. 'We continue to make significant strides in transforming Westport and sharpening our strategic focus. Our priorities remain clear: driving success through Cespira, our HPDI joint venture with Volvo Group; pursuing operational excellence through initiatives to streamline processes and reduce costs; and positioning Westport at the forefront of the alternative fuel shift. These priorities are guiding us as we work towards a brighter future. We're seeing the impact of our efforts in our recent results – we significantly improved our net loss to $2.5 million in Q1 of 2025 from a net loss of $13.6 million in Q1 of 2024. This was supported by a $3.5 million increase in gross profit and an $8.1 million decrease in operating expenses. We also reported a substantial improvement in adjusted EBITDA as compared to the same period of the prior year. Looking to the future, with the announcement of the proposed sale of our light-duty business, Westport is realigning to focus on the hard-to-decarbonize applications primarily in long-haul and heavy-duty trucking where our unique HPDI and high-pressure technologies offer significant growth potential. Critically, this transaction is designed to provide immediate cash proceeds that bolster our balance sheet and fund growth opportunities in Cespira and the High-Pressure Controls & Systems business. Now, the conversation has changed. Our attendance at the Advanced Clean Transportation Expo or ACT Expo, the largest showcase of clean transportation technologies in North America, validated our view that the market recognizes that the internal combustion engine utilizing alternative fuels is an affordable solution that also decarbonizes long-haul, heavy-duty transport. Westport is the clean-tech innovation company to help drive this change. Through Cespira, the HPDI fuel system does the on-engine work to our High Pressure Controls and Systems business where our components do the off-engine work we are providing OEMs with simplified solutions to decarbonize. Volvo recently highlighted that demand for their gas-powered trucks that utilize HPDI technology has been increasing, with sales up more than 25% in 2024, a trend that we saw continue into Q1 with Cespira delivering improved revenue driven by increased volumes as compared to Q1 of 2024. While we remain focused on scaling our alternative fuel solutions, including LNG, CNG, RNG, and hydrogen systems, we are matching the cleanest gaseous fuels with the most efficient engine technologies. We are committed to delivering practical, commercially viable low-carbon solutions today and providing sustainable, high-performance solutions that help our customers achieve their goals now and for years to come.' Dan Sceli, Chief Executive Officer Q1 2025 Highlights [1] Adjusted earnings before interest, taxes and depreciation is a non-GAAP measure. Please refer to NON-GAAP FINANCIAL MEASURES in Westport's Management Discussion and Analysis for the reconciliation. (1) This includes income or loss primarily from our investments in Cespira and Minda Westport Technologies Limited (2) Gross margins, EBITDA and Adjusted EBITDA are non-GAAP measures. Please refer to GAAP and NON-GAAP FINANCIAL MEASURES for the reconciliation to equivalent GAAP measures and limitations on the use of such measures. Segment Information Light-Duty Revenue for the three months ended March 31, 2025 was $64.2 million compared with $63.3 million for the three months ended March 31, 2024. Light-Duty revenue increased by $0.9 million compared to the prior year and was primarily driven by increase in sales in our light-duty OEM and DOEM businesses. The light-duty OEM business had an increase in sales from its Euro 6 program compared to the prior year. In the first quarter of 2024, DOEM had a significant decrease in sales to a customer. This was partially offset by lower sales in our IAM, electronics and fuel storage businesses compared to the prior year. Gross profit for the three months ended March 31, 2025 increased by $1.6 million to $14.0 million, or 22% of revenue, compared to $12.4 million, or 20% of revenue, for the same prior year period. This was primarily driven by a change in sales mix with an increase in sales to European customers and a reduction in sales to developing regions. High Pressure Controls & Systems Revenue for the three months ended March 31, 2025 was $1.4 million compared with $2.4 million for the three months ended March 31, 2024. The decrease in revenue for the three months ended March 31, 2025 compared to the prior year was primarily driven by the hydrogen industry slowdown impacting demand for hydrogen components. Gross profit for the three months ended March 31, 2025 decreased by $0.2 million to $0.2 million, or 14% of revenue, compared to $0.4 million, or 17% of revenue, for the same prior year period. This was primarily driven by lower sales volumes increasing the per unit manufacturing costs in the quarter. Heavy-Duty Original Equipment Manufacturer ('OEM') Revenue for the three months ended March 31, 2025 was $5.4 million, compared to $11.9 million for the prior year. The decrease in revenue for the three months ended March 31, 2025 is a result of the continuation of the business in Cespira. The revenue earned in the current quarter was from our services provided under the transitional service agreement with Cespira that is expected to end by Q2 2026. Gross profit for the three months ended March 31, 2025 increased by $2.1 million to $1.0 million, or 19% of revenue, compared to negative $1.1 million or negative 9% of revenue, for the same prior year period. The Heavy-Duty OEM segment received $0.9million in credits from component suppliers for inventory sold in the quarter. Selected Cespira Statements of Operations Data We account for Cespira using the equity method of accounting. However, due to its significance to our long-term strategy and operating results, we disclose certain Cespira's financial information in notes 7 and 17 of our interim financial statements for the three months ended March 31, 2025. The following table sets forth a summary of the financial results of Cespira for the three months ended March 31, 2025 . 1Gross margin is non-GAAP financial measure. See the section 'Non-GAAP Financial Measures' for explanations and discussions of these non-GAAP financial measures or ratios. Revenue Cespira revenues for the three months ended March 31, 2025 were $16.7 million. In the prior year, the Heavy-Duty OEM segment, which included our HPDI business, had revenues of $11.9 million. This was primarily driven by an increase in HPDI fuel systems sold in the period. Gross Profit Gross profit was $0.5 million for the three months ended March 31, 2025. In the prior year, the Heavy-Duty OEM segment had negative $1.1 million in gross profit primarily driven by the increase in sales volumes compared to the prior year and reductions in manufacturing cost. Operating loss Cespira incurred operating losses of $7.1 million for the three months ended March 31, 2025. Cespira continues to incur operating losses as it scales its operations and expand into other markets. Q1 2025 Conference Call Westport has scheduled a conference call for May 14, 2025, at 7:00 am Pacific Time (10:00 pm Eastern Time) to discuss these results. To access the conference call please register at The live webcast of the conference call can be accessed through the Westport website at . Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details. The webcast will be archived on Westport's website at . Financial Statements and Management's Discussion and Analysis To view Westport financials for the first quarter ended March 31st, 2025, please visit About Westport Fuel Systems At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit . Cautionary Note Regarding Forward Looking Statements This press release contains forward-looking statements, including statements regarding future strategic initiatives and future growth, future of our development programs (including those relating to HPDI and Hydrogen), our expectations for 2024 and beyond, including the demand for our products, and the future success of our business and technology strategies. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks, uncertainties and assumptions include those related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, solvency, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, operating expenses, continued reduction in expenses, ability to successfully commercialize new products, the performance of our joint ventures, the availability and price of natural gas and hydrogen, new environmental regulations, the acceptance of and shift to natural gas and hydrogen vehicles,fuel emission standards, the development of competing technologies, our ability to adequately develop and deploy our technology, the actions and determinations of our joint venture and development partners, the effects and duration of the Russia-Ukraine conflict, supply chain disruptions as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements except as required by National Instrument 51-102. Contact Information Investor Relations Westport Fuel Systems T: +1 604-718-2046 GAAP and Non-GAAP Financial Measures Our financial statements are prepared in accordance with U.S. generally accepted accounting principles ('U.S. GAAP'). These U.S. GAAP financial statements include non-cash charges and other charges and benefits that may be unusual or infrequent in nature or that we believe may make comparisons to our prior or future performance difficult. In addition to conventional measures prepared in accordance with U.S. GAAP, Westport and certain investors use EBITDA and Adjusted EBITDA as an indicator of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund capital expenditures. Management also uses these non-GAAP measures in its review and evaluation of the financial performance of Westport. EBITDA is also frequently used by investors and analysts for valuation purposes whereby EBITDA is multiplied by a factor or 'EBITDA multiple' that is based on an observed or inferred relationship between EBITDA and market values to determine the approximate total enterprise value of a company. We believe that these non-GAAP financial measures also provide additional insight to investors and securities analysts as supplemental information to our U.S. GAAP results and as a basis to compare our financial performance period-over-period and to compare our financial performance with that of other companies. We believe that these non-GAAP financial measures facilitate comparisons of our core operating results from period to period and to other companies by, in the case of EBITDA, removing the effects of our capital structure (net interest income on cash deposits, interest expense on outstanding debt and debt facilities), asset base (depreciation and amortization) and tax consequences. Adjusted EBITDA provides this same indicator of Westports' EBITDA from continuing operations and removing such effects of our capital structure, asset base and tax consequences, but additionally excludes any unrealized foreign exchange gains or losses, stock-based compensation charges and other one-time impairments and costs which are not expected to be repeated in order to provide greater insight into the cash flow being produced from our operating business, without the influence of extraneous events. Segment Information EBITDA and Adjusted EBITDA are intended to provide additional information to investors and analysts and do not have any standardized definition under U.S. GAAP, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with U.S. GAAP. EBITDA and Adjusted EBITDA exclude the impact of cash costs of financing activities and taxes, and the effects of changes in operating working capital balances, and therefore are not necessarily indicative of operating profit or cash flow from operations as determined under U.S. GAAP. Other companies may calculate EBITDA and Adjusted EBITDA differently. Segment earnings or losses before income taxes, interest, depreciation, and amortization ('Segment EBITDA') is the measure of segment profitability used by the Company. The accounting policies of our reportable segments are the same as those applied in our consolidated financial statements. Management prepared the financial results of the Company's reportable segments on basis that is consistent with the manner in which Management internally disaggregates financial information to assist in making internal operating decisions. Certain common costs and expenses, primarily corporate functions, among segments differently than we would for stand-alone financial information prepared in accordance with GAAP. These include certain costs and expenses of shared services, such as IT, human resources, legal, finance and supply chain management. Segment EBITDA is not defined under US GAAP and may not be comparable to similarly titled measures used by other companies and should not be considered a substitute for net earnings or other results reported in accordance with GAAP. Reconciliations of reportable segment information to consolidated statement of operations can be found in section 'NON-GAAP FINANCIAL MEASURES & RECONCILIATIONS' within this press release.
Associated Press
30-04-2025
- Automotive
- Associated Press
U POWER Tech Unveils All-Electric Vehicle Solution at ACT Expo
SHANGHAI, April 30, 2025 /PRNewswire/ -- U POWER Tech, a global innovator in smart electric vehicle solutions, today showcased its complete lineup of urban logistics and specialty EV platforms at ACT Expo, North America's largest commercial vehicle event. This showcase marks a significant milestone for U POWER Tech's strategic expansion into North America, highlighting its groundbreaking skateboard chassis technology designed to transform the commercial vehicle sector. At ACT Expo, U POWER Tech introduced three purpose-built products: All products presented by U POWER Tech feature comprehensive electric and intelligent capabilities, offering commercial vehicle operators the industry's most advanced and customizable electrification solutions—catering precisely to their individual requirements. Leveraging innovation from Silicon Valley and supply-chain strength from China, U POWER Tech has built a robust global value chain covering key EV components such as batteries, motors, and controls. The company is already delivering products in North America, Europe and Africa, and the launch in ACT will further deepen its global expansion. U POWER Tech has secured substantial funding from investors including Matrix Partners, ZhenFund, and Bosch's Boyuan Capital, affirming the commercial viability and growth potential of its technology. 'ACT Expo marks a key milestone for us,' said Yao, General Manager of U POWER Tech North America. 'We're committed to delivering exceptional products while working together to build a zero-carbon logistics ecosystem that makes electric mobility both accessible and efficient.' As an industry disruptor, U POWER Tech is transforming electric vehicle development with its skateboard chassis technology. Leading the shift from traditional single-model to a shared-platform development, U POWER is redefining how commercial vehicles are built, scaled, and electrified. About U POWER Tech Established in 2021 in Shanghai and Silicon Valley, U POWER Tech specializes in smart EV solutions built on skateboard chassis technology, driving the automotive industry's transition toward standardized, platform-based electric vehicles globally. View original content to download multimedia: SOURCE U POWER Tech
Cision Canada
30-04-2025
- Automotive
- Cision Canada
U POWER Tech Unveils All-Electric Vehicle Solution at ACT Expo
SHANGHAI, April 30, 2025 /CNW/ -- U POWER Tech, a global innovator in smart electric vehicle solutions, today showcased its complete lineup of urban logistics and specialty EV platforms at ACT Expo, North America's largest commercial vehicle event. This showcase marks a significant milestone for U POWER Tech's strategic expansion into North America, highlighting its groundbreaking skateboard chassis technology designed to transform the commercial vehicle sector. At ACT Expo, U POWER Tech introduced three purpose-built products: UP VAN: Engineered specifically for last-mile delivery, the UP VAN is the world's most energy-efficient commercial Delivery Van, offering unmatched operational efficiency through longer range, reduced energy consumption, and optimized cargo space. It empowers logistics providers to drastically reduce operational costs and improve productivity in urban environments. UP Chassis Cab: UP Chassis Cab allows for easy upfitting. It meets rigorous European crash standards, ensuring safety and compliance, while providing a smart, flexible solution to businesses seeking rapid electrification of their fleets. UP Chassis: A highly versatile platform designed for multiple duty cycles and applications. UP Chassis meets the needs of many commercial and fleet customers, enabling fully electric, purpose-built solutions for demanding end users. All products presented by U POWER Tech feature comprehensive electric and intelligent capabilities, offering commercial vehicle operators the industry's most advanced and customizable electrification solutions—catering precisely to their individual requirements. Leveraging innovation from Silicon Valley and supply-chain strength from China, U POWER Tech has built a robust global value chain covering key EV components such as batteries, motors, and controls. The company is already delivering products in North America, Europe and Africa, and the launch in ACT will further deepen its global expansion. U POWER Tech has secured substantial funding from investors including Matrix Partners, ZhenFund, and Bosch's Boyuan Capital, affirming the commercial viability and growth potential of its technology. "ACT Expo marks a key milestone for us," said Yao, General Manager of U POWER Tech North America. "We're committed to delivering exceptional products while working together to build a zero-carbon logistics ecosystem that makes electric mobility both accessible and efficient." As an industry disruptor, U POWER Tech is transforming electric vehicle development with its skateboard chassis technology. Leading the shift from traditional single-model to a shared-platform development, U POWER is redefining how commercial vehicles are built, scaled, and electrified. Established in 2021 in Shanghai and Silicon Valley, U POWER Tech specializes in smart EV solutions built on skateboard chassis technology, driving the automotive industry's transition toward standardized, platform-based electric vehicles globally.
Yahoo
30-04-2025
- Automotive
- Yahoo
Blue Bird Showcases Zero- and Low-Emission Commercial Vehicle Platforms at 2025 Advanced Clean Transportation (ACT) Expo
Presents Electric Step Van with Superior Safety Features Exhibits First OEM-installed Propane-powered Class 5-6 Chassis MACON, Ga., April 30, 2025--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, showcases its latest zero- and ultra-low emission commercial vehicle platforms at the upcoming 2025 Advanced Clean Transportation (ACT) Expo, North America's largest advanced transportation technology event. The company presents both its groundbreaking electric step van and propane-powered stripped chassis at the industry event from April 28-30, 2025, at the Anaheim Convention Center booth 5488, in Anaheim, Ca. Electric-powered Step Van Blue Bird showcases an electric-powered step van based on its groundbreaking Class 5-6 stripped chassis at the 2025 ACT Expo. The step van features a 178-inch wheelbase for last-mile-delivery vehicles with a gross vehicle weight rating (GVWR) of up to 23,000 pounds. The vehicle on display features a 140kWh Lithium-ion battery. The batteries are mounted inside the frame rails for superior battery protection. The battery pack supports a vehicle range of up to 130 miles on a single charge. It takes between one and twelve hours to fully recharge depending on the charging infrastructure. Blue Bird offers several safety features on its electric-powered step van not standard on comparable electric vehicles to enhance driver protection and familiarity. This includes "hill hold," which prevents the vehicle from rolling backward or forward when sitting stationary on a hill, and "electric creep," which allows the vehicle to slowly start moving from a stop when the driver's foot is removed from the brake pedal to simulate a gasoline engine in gear. In addition, both the electric- and propane-powered stripped chassis provide 55-degree, best-in-class wheel cut to improve maneuverability in tight urban settings. Propane-powered Stripped Chassis Blue Bird also presents its propane-powered stripped chassis based on a 208-inch wheelbase for medium to long-range delivery vehicles with a gross vehicle weight rating (GVWR) of up to 23,000 pounds. The company offers an industry first, OEM-installed propane powertrain featuring Ford's proven 7.3L V8 engine. Blue Bird utilizes lightweight materials and components for its innovative vehicle platform maximizing fuel-efficiency and vehicle payload while continuing to prioritize vehicle safety. Blue Bird built on its long-standing collaboration with Ford Motor Company and ROUSH CleanTech to develop the propane-powered Class 5-6 stripped chassis. ROUSH CleanTech integrates Ford's compact, durable and easy-to-maintain 335 horsepower engine into a low-emission powertrain option for Blue Bird's propane-powered commercial vehicle platform. Blue Bird leverages ROUSH CleanTech's proven, ultra-low emission propane technology that has accumulated more than three billion miles with 3,000 fleets in North America. Blue Bird Leadership "Blue Bird builds on its century-long expertise in school bus manufacturing and vehicle safety to expand its industry-leading zero- and low-emission transportation solutions to the commercial vehicle market," said Andy Moore, director of commercial chassis at Blue Bird Corporation. "We are excited to connect with commercial vehicle fleet operators at ACT Expo and to discuss how our advanced electric- and propane-powered vehicle platforms can help them improve vehicle fleet efficiency and cost." Commercial vehicle fleet operators using electric- and propane-powered step vans stand to benefit from energy and maintenance cost savings compared to diesel vehicles. "Since 2012 we've had a shared goal with Blue Bird to lower emissions and reduce costs for fleets through proven propane technology," said Todd Mouw, executive vice president of sales, marketing and customer success at ROUSH CleanTech. "As a domestically produced fuel, propane is economical, abundant, and reliable, offering immediate reductions in both costs and emissions without compromising performance." Blue Bird anticipates both its electric-powered and propane-powered stripped chassis to be commercially available in the first quarter of 2026. Blue Bird is the only U.S.-owned and operated school bus manufacturer in the United States. The company remains the proven clean transportation leader with more than 25,000 propane, natural gas, and electric-powered buses sold. Blue Bird manufactures its school buses in Fort Valley, Ga. The shift to clean transportation helps the company sustain approximately 2,000 good-paying U.S. jobs. About Blue Bird Corporation Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer, and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 25,000 propane, natural gas, and electric powered buses sold. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit About ROUSH CleanTech ROUSH CleanTech, an industry leader of advanced clean transportation solutions, is a division of the global engineering company Roush Enterprises. ROUSH CleanTech develops propane autogas technology for medium-duty Ford commercial vehicles and school buses. With more than 50,000 vehicles on the road, the Livonia, Michigan-based company delivers economical, emissions-reducing options for fleets across North America. Learn more at or by calling View source version on Contacts Media Contacts Blue Bird Julianne BarclayTSN CommunicationsM: +1.267.934.5340E: julianne@ ROUSH CleanTech Gregg VossTSN CommunicationsM: +1.224.542.9530E: gvoss@ Sign in to access your portfolio
Business Wire
30-04-2025
- Automotive
- Business Wire
Blue Bird Showcases Zero- and Low-Emission Commercial Vehicle Platforms at 2025 Advanced Clean Transportation (ACT) Expo
MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, showcases its latest zero- and ultra-low emission commercial vehicle platforms at the upcoming 2025 Advanced Clean Transportation (ACT) Expo, North America's largest advanced transportation technology event. The company presents both its groundbreaking electric step van and propane-powered stripped chassis at the industry event from April 28-30, 2025, at the Anaheim Convention Center booth 5488, in Anaheim, Ca. Electric-powered Step Van Blue Bird showcases an electric-powered step van based on its groundbreaking Class 5-6 stripped chassis at the 2025 ACT Expo. The step van features a 178-inch wheelbase for last-mile-delivery vehicles with a gross vehicle weight rating (GVWR) of up to 23,000 pounds. The vehicle on display features a 140kWh Lithium-ion battery. The batteries are mounted inside the frame rails for superior battery protection. The battery pack supports a vehicle range of up to 130 miles on a single charge. It takes between one and twelve hours to fully recharge depending on the charging infrastructure. Blue Bird offers several safety features on its electric-powered step van not standard on comparable electric vehicles to enhance driver protection and familiarity. This includes 'hill hold,' which prevents the vehicle from rolling backward or forward when sitting stationary on a hill, and 'electric creep,' which allows the vehicle to slowly start moving from a stop when the driver's foot is removed from the brake pedal to simulate a gasoline engine in gear. In addition, both the electric- and propane-powered stripped chassis provide 55-degree, best-in-class wheel cut to improve maneuverability in tight urban settings. Propane-powered Stripped Chassis Blue Bird also presents its propane-powered stripped chassis based on a 208-inch wheelbase for medium to long-range delivery vehicles with a gross vehicle weight rating (GVWR) of up to 23,000 pounds. The company offers an industry first, OEM-installed propane powertrain featuring Ford's proven 7.3L V8 engine. Blue Bird utilizes lightweight materials and components for its innovative vehicle platform maximizing fuel-efficiency and vehicle payload while continuing to prioritize vehicle safety. Blue Bird built on its long-standing collaboration with Ford Motor Company and ROUSH CleanTech to develop the propane-powered Class 5-6 stripped chassis. ROUSH CleanTech integrates Ford's compact, durable and easy-to-maintain 335 horsepower engine into a low-emission powertrain option for Blue Bird's propane-powered commercial vehicle platform. Blue Bird leverages ROUSH CleanTech's proven, ultra-low emission propane technology that has accumulated more than three billion miles with 3,000 fleets in North America. Blue Bird Leadership 'Blue Bird builds on its century-long expertise in school bus manufacturing and vehicle safety to expand its industry-leading zero- and low-emission transportation solutions to the commercial vehicle market,' said Andy Moore, director of commercial chassis at Blue Bird Corporation. 'We are excited to connect with commercial vehicle fleet operators at ACT Expo and to discuss how our advanced electric- and propane-powered vehicle platforms can help them improve vehicle fleet efficiency and cost.' Commercial vehicle fleet operators using electric- and propane-powered step vans stand to benefit from energy and maintenance cost savings compared to diesel vehicles. "Since 2012 we've had a shared goal with Blue Bird to lower emissions and reduce costs for fleets through proven propane technology," said Todd Mouw, executive vice president of sales, marketing and customer success at ROUSH CleanTech. "As a domestically produced fuel, propane is economical, abundant, and reliable, offering immediate reductions in both costs and emissions without compromising performance." Blue Bird anticipates both its electric-powered and propane-powered stripped chassis to be commercially available in the first quarter of 2026. Blue Bird is the only U.S.-owned and operated school bus manufacturer in the United States. The company remains the proven clean transportation leader with more than 25,000 propane, natural gas, and electric-powered buses sold. Blue Bird manufactures its school buses in Fort Valley, Ga. The shift to clean transportation helps the company sustain approximately 2,000 good-paying U.S. jobs. About Blue Bird Corporation Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer, and manufacture school buses with a singular focus on safety, reliability, and durability. School buses carry the most precious cargo in the world – 25 million children twice a day – making them the most trusted mode of student transportation. The company is the proven leader in low- and zero-emission school buses with more than 25,000 propane, natural gas, and electric powered buses sold. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit About ROUSH CleanTech ROUSH CleanTech, an industry leader of advanced clean transportation solutions, is a division of the global engineering company Roush Enterprises. ROUSH CleanTech develops propane autogas technology for medium-duty Ford commercial vehicles and school buses. With more than 50,000 vehicles on the road, the Livonia, Michigan-based company delivers economical, emissions-reducing options for fleets across North America. Learn more at or by calling
