Contacts: fred.ligouri@daimler.com or
humza.ahmad@daimler.com 

PORTLAND, Ore. – June 11, 2020 –Thomas Built Buses
Inc. (TBB) announced today the “Delayed Warranty Start” program to assist
customers with the effects of the COVID-19 pandemic. The program offers a delay
to the warranty start of new buses until schools and pupil transportation
resumes.

“The customers of TBB have stepped up to serve their
communities in unprecedented ways in the past several months as the nation
grapples with the effects of this global pandemic,” said Caley Edgerly,
president and CEO, TBB. “It’s our turn to step up for those customers and
provide an opportunity to give back a little extra peace of mind as schools
reopen.”

Under the terms of the program, new buses received by
customers after February 1, 2020 will be eligible to have the in-service date
changed to the school restart date as specified by the school or district they
serve. The program will accommodate variances for those districts with
year-round schools, schools reopened for the 2019-2020 school year, as well as
for schools that remain closed until the 2020-2021 school year starts in the
fall.

For buses financed through Daimler Truck Financial (DTF),
TBB and DTF are also offering 90-day delay to first payments for new school
buses and offering payment relief for existing customers.*

Please contact your Thomas Built Buses dealer for more
information. 

*Restrictions apply. Program eligibility is determined by
Daimler Truck Financial’s Credit Team based upon creditworthiness of customer.
Daimler Truck Financial reserves the right to modify or terminate this program
at any time with no notice.

About Thomas Built
Buses

Founded in 1916, Thomas Built Buses is a leading
manufacturer of school buses in North America. Since the first Thomas Built bus
rolled off the assembly line, the company has been committed to delivering the
smartest and most innovative buses in North America. Learn more at
https://thomasbuiltbuses.com or at
https://www.facebook.com/thomasbuiltbuses. 

Thomas Built Buses, Inc., headquartered in High Point, N.C.,
is a subsidiary of Daimler Trucks North America LLC, the largest heavy-duty
truck manufacturer in North America and a leading manufacturer of class 4-8
vehicles. Daimler Trucks North America produces and markets commercial vehicles
under the Freightliner, Western Star and Thomas Built Buses nameplates. Daimler
Trucks North America is a Daimler company.

About Daimler Truck
Financial

Daimler Truck Financial is a business unit of Mercedes-Benz
Financial Services USA LLC, and is the captive financial services provider for
the Daimler Trucks North America family of commercial vehicle products,
including Freightliner Trucks, Western Star, SelecTrucks, Sprinter Vans, Thomas
Built Buses and Fuso. It is part of the Daimler Mobility AG group of companies,
headquartered in Stuttgart, Germany, which is one of the leading financial
services organizations worldwide.