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Optare is to relocate up to 60 of the 99 jobs at its bus factory in Blackburn to its new site at Sherburn, near Leeds.
Optare is planning to relocate its Leeds-based bus factory and 400 staff to a new 140,000 sq ft site at Sherburn in Elmet this summer.
Optare is to raise £7.4m in a share placing to help fund the relocation of its Leeds-based bus factory to a new site.
Optare of Blackburn is to raise £8.6m in a share placing to fund the development of low-carbon buses.
Optare is to relocate its Blackburn-based bus factory to the 280,000 sq ft former Corus plant at Walker Business Park early next year, securing the future of about 300 jobs.
Optare, the Leeds-based bus and coachbuilding company with 550 staff, has been acquired by Darwen Holdings of Blackburn for £16m.
Optare, the Leeds-based bus and coach manufacturer with 550 staff, has been acquired by Jamesstan Investments for undisclosed terms.
Optare is planning to create up to 80 jobs later this year at a new £2m production plant in Rotherham for the Alero small bus.
Optare has won a contract to supply 75 airport buses to American Eagle Airlines, which is likely to create a number of new jobs at its Leeds plant.
Optare, the bus builder, is being acquired by North American Bus Industries in a £21m deal.