Blue Bird Selected to Receive $80 Million Federal Grant to Expand Electric Vehicle Manufacturing - Blue Bird Corporation
Summary
The award selection is subject to final contract and funding negotiations between the DOE and Blue Bird, which could take up to 120 days to conclude.The DOE funding is part of the U.S. administrations nearly $2 billion investment to convert long-standing automotive facilities to manufacturing electric vehicles and components, retain and expand good-paying manufacturing jobs, and bolster domestic supply chains. Blue Bird started manufacturing high-end, Wanderlodge-branded motorhomes at the site in 1963 based on its large, Type-D school bus designs. The conversion will assist Blue Bird in increasing the production of Type-D electric school buses to meet the rising demand for clean student transportation nationwide. School buses carry the most precious cargo in the world 25 million children twice a day making them the most trusted mode of student transportation. For more information on Blue Birds complete product and service portfolio, visit www.blue-bird.com.Forward Looking StatementsThis press release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.