UNITED STATES SECURITIES AND EXCHANGE COMMISSION ~~Washington, D.C. 20549~~

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 orOR 15(d) of ~~the~~The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 2228, 2010

DesignLine Corporation ~~(Exact name of registrant as specified in its charter)~~

Delaware		333-148735		27-1263294
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

(Exact name of registrant as specified in its charter)

2309 Nevada BoulevardCharlotte, North Carolina	28273
Delaware	333-148735	27-1263294
(Address of Principal Executive Offices)	(Zip Code)
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


2309 Nevada Boulevard Charlotte, North Carolina		28273

(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (704) 494-7800

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1Item 8.01 Other Events.

~~Item~~On ~~1.01~~January 28, ~~Entry~~2010, ~~into~~DesignLine Corporation announced that it is filing a ~~Material~~Form 15 ~~Definitive~~with ~~Agreement~~the Securities and Exchange Commission to deregister its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended, and to immediately suspend its reporting obligations. Reference is made to the press release issued by the company on January 28, 2010, filed herewith as Exhibit 99.1, for further details.

~~Effective January~~Item ~~15,~~9.01 ~~2010,~~Financial weStatements executed a third amendment (the “Third Amendment”) to our current banking facilities in the United States that, among other things, extended all maturity dates to March 26, 2010, amended certain covenants, deferred payment of certain fees and ~~expenses and waived prior defaults~~Exhibits.

~~As previously reported in our Current Report on Form 8-K dated December 10, 2009, we have a $7.0 million revolving credit facility secured by substantially all of our U.S. assets~~ (~~the “Credit Facility”~~d) ~~and an $800,000 term loan~~Exhibits secured by two hybrid transit vehicles (the “Term Loan”) from our U.S. lender (the “Bank”). We also have a letter of credit issued by the Bank in the amount of approximately $4.2 million, which is secured by cash on deposit with the Bank in the amount of approximately $4.2 million. As of the date of this report, the total principal amount of indebtedness outstanding under the Credit Facility and the Term Loan was approximately $4.2 million. Pursuant to the Third Amendment, we have agreed to reduce this amount to $3.8 million on or before January 29, 2010.

AsThe ~~previously~~following ~~reported~~is inthe ~~our~~index ~~Current Report on Form 8-K dated December 10, 2009, we have two additional letters~~ of ~~credit~~exhibits ~~issued~~furnished ~~by the Bank~~ in ~~the~~accordance ~~amounts~~with ofItem 601 ~~approximately $500,000 and $447,000, respectively. As~~ of ~~the date of~~Regulation ~~this report~~S-K, ~~two~~filed ~~new~~as ~~letters~~part of ~~credit~~this ~~for~~Current ~~these~~Report ~~amounts~~on ~~have~~Form ~~been issued as replacements by two other banks.~~8-K:

The Credit Facility, as amended, continues to bear a floating interest rate based on the 30-day LIBOR rate plus a margin of 7.0% per annum. The Term Loan, as amended, also continues to bear a fixed rate of interest of 8.0% per annum. All amounts borrowed under the U.S. banking facilities and reimbursement obligations in respect of the Letters of Credit remain secured and cross-collateralized by general security interests on substantially all of our U.S. assets. The Third Amendment contains customary representations and warranties for amendments of this type and modifies or adds certain affirmative and negative covenants and events of default, including certain reporting and notice requirements; and certain additional capital requirements to reduce the principal balance of the Facilities.


Exhibit No.		Description

	99.1	Press release issued by DesignLine Corporation on January 28, 2010.

~~We intend to repay the U.S. banking facilities in full by means of a replacement facility, although we can offer~~SIGNATURES no assurances in that regard. Our failure to comply with our U.S. banking facilities or to repay or refinance them when they become due could have a material adverse effect on our business, results of operations and financial condition.

~~Item~~Pursuant ~~2.03~~to ~~Creation~~the requirements of athe ~~Direct~~Securities ~~Financial~~Exchange ~~Obligation~~Act orof an1934, ~~Obligation~~the ~~under~~registrant anhas ~~Off-Balance~~duly caused ~~Sheet~~this ~~Arrangement~~report ofto abe ~~Registrant~~signed on its behalf by the undersigned hereunto duly authorized.

The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.


	DesignLine Corporation
Dated: January 28, 2010	By:	/s/ Brad C. Glosson
		Brad C. Glosson
		Chief Executive Officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DesignLine Corporation

Dated: January 26, 2010

By: /s/ Brad C. Glosson

Brad C. Glosson Chief Executive Officer

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