KPS Capital Partners, New York, NY, announced in September it had taken controlling investment in MCII holdings, the parent company of Motor Coach Industries International (MCI), Schaumburg, IL. KPS has history investing in the transit industry. In 2002, KPS rescued Canada-based New Flyer, selling it in February 2004 with a 750-percent return on investment.
2010 did not disappoint as an eventful year in the passenger transportation industry. The inevitable seat belt regulations were announced, and in December the long-anticipated Safety Measurement System, better known as CSA 2010, became reality for all operators. The sluggish economy continued though glimmers of hope and positive thinking about a rebound were prevalent throughout all industry segments.
North American Bus Industries (NABI), Anniston, AL, recently unveiled the Sirius, a new NABI transit bus specially designed for the Hungarian bus market. While NABI is a major supplier of transit buses in the USA, in recent years its Hungarian operations have been limited to partially finished buses exported to the U.S. for final assembly. Hungarian dignitaries and NABI officials staged ceremonies in Kaposvár, Hungary, in September to commemorate the launch.
Daimler Buses North America unveils the ComfortClass S 407 at UMA Expo 2011 By David Hubbard Setra motorcoaches have served North American operators for more than 25 years. First exhibited in the 200 Series, the Setra bus and coach brand has grown to stand for quality, comfort and luxury. Setra further refined the highend concept […]