Wrightbus

[Gillmoss 0324]

RE: Wrightbus
It's all speculation but it's not impossible Wrightbus may have lost money on some Streetlite deal's especially the biggest order for them placed by First over the last few years. Neither company seem to have done well recently and it's probably/more likely a combination of things that have seen Wright's end up in this position.

Not sure what the Bamford family's strategy would be for Wrightbus but if times were more simpler it would be more the case of offering quality body on chassis products rather than the integrals they have been offering recently. What will be interesting is how much this receivership thing has harmed Wright's relationship with Volvo, remember Optare almost ended up bankrupt in the mid 90's thanks to it's partnership with DAF Bus so and ended things with them quite abruptly so Volvo could see Wright in a similar light. I'm not sure that will be the case but if they've retained Volvo's confidence, can bring new quality products with them and the operator sector settles down (First takeovers, Arriva future etc.) and orders become more common again they should be in a decent position and have the experience to capitalise hopefully, although IMO I think ADL will have a headstart on them no matter what.