![]() The Quantitative Fair Value Estimate is calculated daily. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. For detail information about the Morningstar Star Rating for Stocks, please visit here Past performance of a security may or may not be sustained in future and is no indication of future performance. Investments in securities are subject to market and other risks. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. A 5-star represents a belief that the stock is a good value at its current price a 1-star stock isn't. This process culminates in a single-point star rating that is updated daily. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. ![]() ![]() It is projection/opinion and not a statement of fact. The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. ^ "Vicinity Classic - Vicinity Motor Corp".selected for California statewide contract". Announces Groundbreaking Ceremony of New Buy America Assembly Facility in Washington". ^ "Grande West's Vicinity bus passes Altoona Testing"."Watch Your Blind Spot,BUS is Flying in the Vicinity" (PDF). ^ "Grande West's Vicinity Bus achieves Buy America certification".^ "Grande West Transportation Group Inc (BUS-X) Quote - Press Release".^ "Grande West LOI With Weichai Power".^ a b "Profile Corner: Grande West Finds Its Niche".On July 29, 2021, the Morongo Basin Transit Authority selected Vicinity as the supplier for a large bus procurement agreement that could include up to 8,000 vehicles under the California Association for Coordinated Transportation partnership. On July 7, 2021, Vicinity started construction of an assembly facility in Ferndale, Washington. All new bus models used for mass transit revenue service and purchased with Federal Transit Administration (FTA) funds must complete an Altoona Test. Along with the Buy America requirements, the Vicinity 30 foot model passed the Altoona Testing Program in Altoona, Pennsylvania. The deal with Alliance Bus Group was finalized in May 2015 with the first orders placed four months later for 50 30-foot buses. This allows Alliance Bus Group, the exclusive distributor for the US, to bid on all public transit projects in the United States. The Vicinity buses meet the Buy America requirements in the United States allowing the sales of buses to government public transit agencies. on 29 March 2021, after receiving shareholder approval. Grande West Transportation Group consolidated its shares and changed its name to Vicinity Transportation Corp. In 2019, they bought two more to replace the older fleet of Freightliner cutaways. In 2017, the Brooklyn Navy Yard bought six Vicinity buses for their shuttle service. At the time of the LOI, Weichai Group was already part of the manufacturing process as they provided assemblies and the uni-body frame. The objective is to increase sales and distribution in North America. ![]() In 2015, Grande West entered a non-binding letter of intent (LOI) with Weichai Power to explore the possibilities of mutual bus development under the Weichai Group. Grande West went public with the initial public offering (IPO) at the end of 2013. The first Vicinity buses were delivered on AugWhile the buses were designed by Grande West, they were manufactured in Yangzhou, China by Yaxing Motor Coach. In October 2011, BC Transit placed an initial order for 15 Vicinity-model buses valued at $3.8 million. The company initially targeted the niche demand for green, compact buses in the North American market with their 27.5 foot bus. Grande West worked closely with management and engineers with BC Transit to understand requirements and specifications of the Vicinity. The company built key partnerships with BC Transit and tailored their proposed bus designs to the agency's needs. As a result, Grande West was founded that same year, led by businessman William Trainer. These companies either had no interest in producing such a bus or did not have capacity. In 2008, BC Transit and Ottawa's OC Transpo issued a Requested for Proposal (RFP) for heavy-duty, mid-size buses from the major bus manufacturers. ![]()
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