MCI to cease distributing Daimler’s Setra coaches
Motor Coach Industries, Inc. (“MCI”), the U.S. subsidiary of New Flyer Industries Inc. (“NFI Group”), announced today that EvoBus GmBH (“Daimler”) has terminated the distribution rights agreement (“DRA”) for German built Setra motor coaches in the United States and Canada effective June 29, 2018. Under previous private equity ownership, MCI entered into the DRA as […]