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Mobico to sell US school buses before tariffs drive up fleet costs

NAMPA / DPA
2025-04-25
London (PA Media/dpa) - National Express owner Mobico has struck a deal worth up to $608 million to sell its North American school buses, as it hands over the reins ahead of new tariffs driving up fleet costs. The transport group said the sale to US infrastructure investor I Squared Capital is a "milestone" after battling to recover the division since the Covid pandemic. Mobico operates more than 14,000 school buses in the US and is the second-la......
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