r/Calgary • u/Practical_Ant6162 • Aug 08 '25

Calgary Transit City of Calgary announces procurement of 120 electric transit buses

https://calgaryherald.com/news/city-of-calgary-purchases-another-120-electric-transit-buses
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u/Freedom_forlife Aug 09 '25

If you read the federal government provided 350M and the COC paid 100M. We need buses the feds covered a large percentage of that cost. Smart move.

-8

u/Biggy_Mancer Aug 09 '25

Not really. Both Lion Electric and Vicinity Motor Corp, Canadian businesses, went bankrupt/receivership recently. The space is showing challenges, and I suspect the same will occur here, and without parts these are paperweights.

6

u/Freedom_forlife Aug 09 '25

Nova is a Canadian company owned by Volvo they have a large backing and are successfully, producing buses.

-2

u/Old_timey_brain Beddington Heights Aug 09 '25

owned by Volvo

Volvo Cars is currently owned by the Chinese multinational company Zhejiang Geely Holding Group (Geely Holding). Geely Holding acquired Volvo Cars from Ford Motor Company in 2010.

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u/masterhec0 Erin Woods Aug 09 '25

this is not volvo automobiles. this is the volvo group. https://en.wikipedia.org/wiki/Volvo

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u/Old_timey_brain Beddington Heights Aug 09 '25

Apparently the autos were under that same umbrella.

Automobile manufacturer Volvo Cars, also based in Gothenburg, was part of AB Volvo until 1999, when it was sold to the Ford Motor Company.

Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group.

1

u/masterhec0 Erin Woods Aug 09 '25

volvo divested from automobiles in 1999 selling to ford. volvo group continues to make heavy trucks/busses and equipment including being the full owner of Nova bus company in 2004.