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| Re: DesignLine is seeking $3 Million loan in order to fund NJ Transit order (283034) | |||
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Re: DesignLine is seeking $3 Million loan in order to fund NJ Transit order |
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Posted by RailBus63 on Sat Aug 31 09:32:31 2013, in response to Re: DesignLine is seeking $3 Million loan in order to fund NJ Transit order, posted by JAzumah on Fri Aug 30 12:24:28 2013. The problem could be a poor business model, IMO. They are trying to develop a new technology with the turbine engines, and on top of that they keep bidding on these orders for models that have no prior experience building (NJT CNG cruisers, Denver mall shuttle buses). It would have probably helped a great deal if they had focused on selling a basic 40-foot transit bus that could help generate revenues and given investors some hope for the company's future. |
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