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Volvo order for 328 buses for New York City

Volvo Buses has secured an order for 328 articulated buses for New York
City through its subsidiary Nova Bus. The order is valued at USD 231 M.

The order applies to 328 Nova LFS articulated buses. The client, MTA New
York City Transit, has a fleet of more than 6,000 buses, the largest bus
fleet among all local transport companies inNorth Americaand one of the
largest in the world.

In the past year, MTA tested 90 of Nova's articulated buses, including
on Line M15 inManhattan. They are the first buses inNew York Citywith
three doors and low floors throughout the bus, which contribute to more
rapid and comfortable boarding and alighting.

The buses functioned very well during the test and contributed to the
new major order. The 328 new buses will be delivered from August 2011 to
April 2013.

“Nova Bus is proud to continue its partnership with MTA New York City
Transit,” said Nova Bus President and CEO Gilles Dion. “Since 2009, our
teams have worked in close collaboration to customize our product to
address the unique operational needs of New York City.”

One prerequisite for selling city buses in theUSis that a large portion
of the manufacturing must also occur in the country. The buses forNew
York Citywill be manufactured in Nova Bus's plant inPlattsburgh, in the
northern part of the State ofNew York.

“MTA has made the right choice in selecting a transit bus manufacturing
company like Nova Bus for this contract,” U.S. Senator Charles E.
Schumer said. “This decision means that New York City riders will travel
in safe, high-quality buses, and Upstate workers will have even greater
economic opportunities in Plattsburgh - an absolutely perfect
combination.”

June 15, 2011

For further information, please contact Per-Martin Johansson, press
officer, +46 31 322 52 00,
This email address is being protected from spambots. You need JavaScript enabled to view it.
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 )

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fs_NewYorkCity_2011.tif)
 
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Volvo Bus Corporation is one of the the world's largest manufacturer of
large buses and coaches. The range comprises complete vehicles, chassis,
bus bodies, transport system solutions for metropolitan traffic,
leasing, financing and service contract maintenance. Volvo Bus
Corporation is part of the Volvo Group, one of the world's leading
manufacturers of trucks, buses and construction equipment, drive systems
for marine and industrial applications, aerospace components and
services. The Group also provides complete solutions for financing and
service.


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