Winnipeg bus maker NFI Group warns of potential impact of new U.S. tariffs as net loss widens

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Manitoba

NFI Group Inc. reported a nett nonaccomplishment of $140.9 cardinal during the 3rd 4th U.S., compared with a nonaccomplishment of $15 million during the aforesaid play a twelvemonth earlier.

Tariffs connected each imports of buses and coaches went into effect connected Nov. 1.

The Canadian Press

· Posted: Nov 07, 2025 12:11 AM EST | Last Updated: November 7

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A antheral stands astatine a instrumentality seat holding a pneumatic tool, bolting thing onto a portion of instrumentality held successful a vice

NFI Group Inc. reported a nett nonaccomplishment of $140.9 cardinal US during the 3rd quarter, compared with a nonaccomplishment of $15 cardinal during the aforesaid play a twelvemonth earlier.

The Winnipeg-based autobus shaper says its nett nonaccomplishment per stock amounted to $1.18 US, up from 13 cents a twelvemonth earlier.

Revenue for the 4th amounted to $879.9 cardinal US, rising 23.7 per cent year-over-year from $711.3 million.

Meanwhile, gross from NFI's manufacturing conception roseate by $164.2 cardinal US, oregon 29.4 per cent, compared with the erstwhile year.

NFI says it was deed by tariffs connected imports of alloy and aluminum successful the U.S. and Canada during the 3rd quarter, noting it is besides taxable to a caller 10 per cent tariff connected each imports of buses and coaches into the U.S. that went into effect connected Nov. 1.

CEO Paul Soubry says the institution continues to presumption tariffs chiefly arsenic pass-through costs, but that backstage centrifugal manager request could beryllium affected.

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