Jordan Adam
Established Member
Hang on, Rotala have how many on order? Clearly I'd missed that one.
May be wrong there as i'm not the most in tune with their operations. But i believe they're for Manchester.
Hang on, Rotala have how many on order? Clearly I'd missed that one.
May be wrong there as i'm not the most in tune with their operations. But i believe they're for Manchester.
The son of the chairman of UK machinery giant JCB has become the latest entrepreneur to be linked with a takeover of troubled manufacturer Wrightbus.
The Ballymena bus-builder has been tipped to go into administration this week if it cannot finalise a deal with a buyer.
Earlier this week, Mid-Ulster businessman Darren Donnelly said he was walking away from discussions over a purchase of Wrightbus.
Now it's emerged that Jo Bamford - whose father Lord Bamford is chairman of JCB - is involved in talks.
Mr Bamford's hydrogen fuel company Ryse Hydrogen has already worked with Wrightbus on a contract with Transport for London to convert buses to hydrogen fuel. Mr Bamford has not responded to a request for comment, while Wrightbus also refused to comment on the businessman's involvement, which was first reported in the Daily Telegraph.
The newspaper said Mr Bamford was in talks about buying at least part of the firm, which has been facing trading difficulties following a downturn in its markets...
Perhaps what doesn't help either is the fact that in the last 12 Months Volvo haven't sold a single B5TL to the UK mainland. So Wright's only "popular" decker offerings are the B5LH (Popular in London only) and the Streetdeck (limited popularity although Rotala have 70+ on order)
Obviously the bus industry in the UK is going through a crisis; passenger numbers are in free fall, 2 of the big groups are selling up, and there's a real downturn in investment in new stock, but the crisis will come to a head at some point in the near future with councils talking about buying bits of First and Metro Mayors talking about franchising - it will / has to stabilise. Once that stabilisation / recovery arrives, if Wrightbus fails, Optare sales at a minimal trickle, are British operators really only going to be left with ADL?? Yes there's niche offerings from Volvo/MCV and the Mercedes Citaro, but surely if Wrightbus fails the market will be crying out for competition?
Wrights Group: Sale to ‘credible bidders’ is imminent
Wrights Group has informed its employees that a deal to sell the company to “credible bidders” is likely to be completed over the next few days.
Staff were told today (19 September). The company describes the development as “hopefully good news for everyone”. It adds that it is in “a race” to complete the sale.
Its announcement suggests that more than one potential buyer remains involved. Employees’ contracts will be TUPE’d to the new owner. The buyer“will take over all business operations” of Wrights Group when the transfer is complete.
“This ongoing business and its employees are our number one priority and we are confident that a positive outcome can be delivered over the next few days,” the company says in a statement.
It expects to provide a further update next week. Wrights Group appointed an outside company to search for an investor or buyer after it hit financial difficulties.
So I guess it'll be owned by JCB now.Looks like some good news.
https://www.route-one.net/top-story/wrights-group-sale-to-credible-bidders-is-imminent/
So I guess it'll be owned by JCB now.
Here.Where in that article does it say JCB are taking over the company?!
Belfast Telegraph reporting Jo Bamford of JCB is looking at buying Wright but you have to log in to their site to read all of it.
https://www.belfasttelegraph.co.uk/...to-secure-a-deal-with-wrightbus-38507226.html
So I guess it'll be owned by JCB now.
Here.
I guess it means we can now officially call the Streetlite a "Tractor"...
What's to say it isn't going to become part of JCB?Try reading it properly, it still doesn't say JCB are taking it over. It's says that the son of the chairman of JCB is potentially taking it over.
What's to say it isn't going to become part of JCB?
"Future of 'Boris bus' maker Wrightbus in the balance as frontrunners flee
The future of “Boris Bus” maker Wrightbus is hanging by a thread after two major bidders withdrew from a process to rescue the company.
Chinese engineering giant Weichai and Jo Bamford, the son of JCB founder Lord Bamford, walked away from an auction of the company within hours of one another on Friday.
With sources warning that the company has little more than a week of a cash remaining, Wrightbus could collapse into administration within days, putting 1,400 jobs at risk.
Weichai formally dropped out on Friday morning. Mr Bamford walked away later in the day after talks broke down about the amount of rent he would have to pay to lease the company’s Ballymena headquarters."
You would maybe think ADL would be interested, as they at the moment only have a small market share in the Ireland, mind you Brexit is perhaps a risk on it's own for companiesDoesn't look good....
"Future of 'Boris bus' maker Wrightbus in the balance as frontrunners flee
The future of “Boris Bus” maker Wrightbus is hanging by a thread after two major bidders withdrew from a process to rescue the company.
Chinese engineering giant Weichai and Jo Bamford, the son of JCB founder Lord Bamford, walked away from an auction of the company within hours of one another on Friday.
With sources warning that the company has little more than a week of a cash remaining, Wrightbus could collapse into administration within days, putting 1,400 jobs at risk.
Weichai formally dropped out on Friday morning. Mr Bamford walked away later in the day after talks broke down about the amount of rent he would have to pay to lease the company’s Ballymena headquarters."
https://www.telegraph.co.uk/busines...us-maker-wrightbus-balance-frontrunners-flee/
You would maybe think ADL would be interested, as they at the moment only have a small market share in the Ireland, mind you Brexit is perhaps a risk on it's own for companies
Wrightbus body a lot of Volvo chassis as noted earlier in this thread, to take advantage of the Volvo support network in Ireland. ADL do body some Volvo chassis (eg. the new long E400 XLB for Edinburgh, so wouldn't ADL just wait for Wrights to collapse and jump into the gap with buses bodied in Falkirk and Scarborough. Demand for buses is lower this year, so there probably is spare capacity, and it is cheaper than taking over another factory and staff.
I am fairly surprised we've not seen LB take some form of b8 single from ADL yet.In all fairness the reason ADL haven't bodied the B5TL yet is (as mentioned already) the B5TL barely sells in the UK Mainland. I do however think a ADL body on the B8RLE chassis would do well.
I was thinking more along the lines of bodywork support, as ADL dont have dealer support for there own bodywork, wiring etc etc.Wrightbus body a lot of Volvo chassis as noted earlier in this thread, to take advantage of the Volvo support network in Ireland. ADL do body some Volvo chassis (eg. the new long E400 XLB for Edinburgh, so wouldn't ADL just wait for Wrights to collapse and jump into the gap with buses bodied in Falkirk and Scarborough. Demand for buses is lower this year, so there probably is spare capacity, and it is cheaper than taking over another factory and staff.
I was thinking more along the lines of bodywork support, as ADL dont have dealer support for there own bodywork, wiring etc etc.
If ADL took over Wrights, perhaps renamed ADL Ireland, giving more companies an option of a gemini or eclipse body on an ADL-cummins powered or scania chassis for instance, of course heavy weight single deckers are far and few between now.
I'll explain it again how it works in the Republic of Ireland as you appear not to understand and still are thinking about how it works in the UK which is not comparable.
Bus services in Ireland are not deregulated. Over 90% of the town and city bus networks as well as about 95% of regional services are ran under contract for the National Transport Authority by Dublin Bus, Bus Eireann and Go-Ahead Ireland as these services are deemed Public Service Obligation routes and are subsidised by the state.
The procurement of buses for these routes and operators is handled centrally by the National Transport Authority under multi-year framework tender contests. Such contests require between 120-180 vehicles to be delivered a year and the tenderer must also supply maintenance, spares and engineering support for the vehicles that they are offering over a certain number of years and have the capacity to do so.
Because of the engineering and maintenance requirements, you always find that the chassis builder or the integral builder are the ones doing the bidding and are subcontracting the body side of things. All of the Wright double deckers in Republic of Ireland, almost 1000 of them, were delivered under tenders that were won by Volvo Bus outright who are said to have easily scored higher than others in the engineering and support network scoring part of tenders.
Bodywork support is not so much of an issue since non heavy stuff can be subcontracted and is. It's the engine, chassis and maintenance support network that ADL lack in Ireland. They would need to substantially invest in building such a network to support a number of vehicles growing by 150 every year. Now if they were willing to take a hit upfront to get into that market who knows. But whilst Cummins have support in Ireland, they don't have the infastructure to support 150 in 2020, 300 in 2021 etc.
Perhaps they could team up with Volvo again like they have done in the past, however that's a marriage that neither Volvo or ADL particularly want because at the end of the day they are big rivals who would far rather that they were not lining their biggest competitors product at all, which is why Volvo have been getting closer to MCV rather than Wrightbus recently, since WrightBus' move to integrals puts them in direct competition.
All Wright double decker vehicles in Ireland, almost 1,000 of them are based on the Volvo B5TL or B9TL chassis and are supported by Volvo Dealer Irish Commercials in Dublin, Naas and Galway. There's also Dennison Commercials in Northern Ireland which can also do work if required and vehicles needing more complex work following being deroofed or serious crash damage etc are carried out in Ballymena.'re ADL into Ireland, I thought Wrights support is through Mercedes rather than Wright's own dealers? Maybe the demise of wrights would open this up for ADL to use.
On a wider ADL buyout of Wright, that makes no sense. You would be taking on more production capacity (which would be under utilised), duplicated range of products and historical liabilities such as pension commitments to gain a disproportionate size of the market share to the cost. There is also the small matter of the fact that ADL have done a good job of probably creating this situation by taking a lot of Wrights customer base (Lothian, Brighton and Hove, First and some London customers) that they won't gain many customers that they don't already have access to.
One simple fact may be that ADL has improved their products quite significantly in recent years whereas Wrights integrals have not been particularly weĺl received by many. Streetlites are not the most popular of vehicles (other than with the accountants) and the Streetdecks appear to have suffered a number of mechanical problems too.