National Express owner Mobico has at long last agreed a deal to flog off its struggling North American school bus division.

Mobico shares cratered more than 18 per cent on Friday as it announced plans to sell its North American school bus business ...

The sharp decline - accelerated by a warning of lower profits - means shares have cratered 84 per cent since early 2020.

And while buses have changed a lot on the inside—those side-facing benches became front-facing, for one thing—the exterior of the American school bus has remained much the same since 1939.

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Mobico on Friday announced plans to sell its North American school bus business to I Squared Capital for £457m. National Express owner Mobico has at long last agreed a deal to flog off its struggling ...