Published 4 days ago

B.C. bus builder in receivership was being sued by Saskatchewan city

Vicinity, a bus and truck maker based in Aldergrove, was sued by Prince Albert, Saskatchewan for over $6 million due to quality issues with seven buses that had cracks in their frames.
The lawsuit was filed after the buses were declared unsafe by Saskatchewan Government Insurance, forcing Prince Albert to find replacements to maintain public transit service.
Vicinity was forced into receivership by Royal Bank of Canada in October 2024, owing $69 million to various creditors, but not including Prince Albert.
The company was delisted by NASDAQ and faced cease trade orders, leading to the resignation of several board members and the Chief Financial Officer.