Bus manufacturer Optare said Tuesday it scored a contract to supply vehicles to international transport company Stagecoach Group.
Optare will deliver a mix of 33 Solo and Versa buses in 2013 for £3.3m to the group, which provides transport in the UK and North America.
"This repeat order results from the good reliability, fuel efficiency, and both driver and passenger acceptance of this and its predecessor model in a variety of demanding operating conditions," Commercial Director of Optare, Chris Wise, said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
"The Cummins-Voith driveline is new to Optare and is being fitted at the specific request of Stagecoach. It further demonstrates our ability to meet a wide range of specific customer requirements in terms of vehicle drivelines, whether it's, alternative fuels, hybrid, full electric or conventional diesel."
Optare shares soared 14.44% to 0.52p at 8:35 Tuesday.
From oil to copper: how to trade wisely when capitalising on mega trends
By MoneyWeek Published
Thousands of pensioners forced to claim back huge amounts in emergency tax
Some retirees are losing more than £50,000 in emergency tax when they withdraw money from their pensions, which then has to be clawed back from HMRC.
By Ruth Emery Published