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
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"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.
RD
-
Nvidia's earnings live: stock gains as investors brace for key resultsNvidia's stock opened strongly ahead of its earnings, as analysts question whether Blackwell sales can make up for lost China revenue
-
8 of the best lakeside properties for saleThe best lakeside properties – from a house on the southeastern shore of Loch Lomond, to a 15th-century hall overlooking a lake in King’s Lynn, Norfolk
