ManitobaNFI Group Inc. reported a net loss of $140.9 million during the third quarter U.S., compared with a loss of $15 million during the same period a year earlier.Tariffs on all imports of buses and coaches went into effect on Nov. 1.The Canadian Press · Posted: Nov 07, 2025 12:11 AM EST | Last Updated: 1 hour agoListen to this articleEstimated 1 minuteThe audio version of this article is generated by text-to-speech, a technology based on artificial intelligence.A New Flyer worker in Winnipeg in 2023. The company says it was hit by U.S. tariffs after reporting a wider net loss in the third quarter. (Jeff Stapleton/CBC)NFI Group Inc. reported a net loss of $140.9 million US during the third quarter, compared with a loss of $15 million during the same period a year earlier.The Winnipeg-based bus maker says its net loss per share amounted to $1.18 US, up from 13 cents a year earlier.Revenue for the quarter amounted to $879.9 million US, rising 23.7 per cent year-over-year from $711.3 million.Meanwhile, revenue from NFI’s manufacturing segment rose by $164.2 million US, or 29.4 per cent, compared with the previous year.NFI says it was hit by tariffs on imports of steel and aluminum in the U.S. and Canada during the third quarter, noting it is also subject to a new 10 per cent tariff on all imports of buses and coaches into the U.S. that went into effect on Nov. 1.CEO Paul Soubry says the company continues to view tariffs mainly as pass-through costs, but that private motor coach demand could be affected.
Winnipeg bus maker NFI Group warns of potential impact of new U.S. tariffs as net loss widens
