2016

June 23, 2016
Volvo CarautomotiveproductsWestport

Volvo Car Launches New V90 BiFuel Station Wagon

Leverages same Westport natural gas technology as award-winning sports wagon

Volvo Car will launch the BiFuel version of its new V90 station wagon. This vehicle is based on the same engine technology as the Volvo V60 sports wagon which recently won second place in the Best Environmental Car in Sweden - company car category.

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June 17, 2016
IMPCO Industrialproductsoff-roadtrade

IMPCO Technologies Releases New Light Weight Rail Auxiliary Power Unit

IMPCO Technologies reaffirms the release of its new Heavy-Duty / Light Weight Rail Auxiliary Power Unit.

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June 16, 2016
board members

Westport Updates Nominees For Election to the Board

Westport announced three new nominees for election to the board of directors at the AGM to be held on Tuesday, June 28, 2016. Upon closing of the merger with Fuel Systems Solutions, Mariano Costamagna, Colin S. Johnston and Anthony Harris were added to the combined company's board of directors to fill vacancies created by the resignation of Philip B. Hodge, Gottfried (Guff) Muench and Joseph P. Caron.

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June 1, 2016
board membersfinancialmergerstock market

Westport Completes Merger with Fuel Systems

Combination creates innovative, global leader in alternative fuel, engine and vehicle sector

Westport completes merger between Westport and Fuel Systems Solutions. Shareholders of both companies approved the merger at separate special meetings of shareholders. As previously announced, Fuel Systems shareholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned. Fuel Systems shares will no longer be listed on the Nasdaq Exchange or any other securities exchange.

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May 26, 2016
financialmergerstock market

Westport Announces Exchange Ratio for Merger Agreement with Fuel Systems

Compelling merger edges closer to completion

The final exchange ratio has been determined for the proposed business combination (the “Merger”) with Fuel Systems. Assuming the Merger closes as anticipated on June 1, 2016, Fuel Systems stockholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned upon completion of the Merger.

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May 20, 2016
merger

Proxy Advisory Firms Have Reaffirmed Recommendation that Fuel Systems Shareholders Vote FOR the Proposed Merger

Merger Agreement already overwhelmingly approved by Westport shareholders

Institutional Shareholder Services, a leading independent proxy advisory firm that provides voting recommendations to institutional investors, has reaffirmed its recommendation that Fuel Systems Solutions shareholders approve the Amended Agreement and Plan of Merger between Westport and Fuel Systems.

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May 18, 2016
Westport WiNGautomotivecertificationfleetspickup truckproducts

Westport Secures CARB Certification for Dedicated CNG Ford Transit Vehicles and F-150 Trucks

California Air Resources Board certifies emission-reducing Westport WiNG™ Power System used in popular vehicle models

Westport has received certification from CARB for the dedicated CNG Westport WiNG™ Power System used in the Ford Transit Cargo Van and Passenger Wagon, and the F-150 truck for model year 2016.

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May 13, 2016
board members

Doug Pearce steps down from Westport Board of Directors

Resignation tendered in preparation for merger

Westport announces that Doug Pearce has resigned from the Board as part of plans relating to the pending merger with Fuel Systems Solutions.

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May 12, 2016
financial

Westport Reports First Quarter 2016 Financial Results

Positive Adjusted EBITDA in Q1 2016 for Westport Operations, Fuel Systems Stockholder Meeting Scheduled for May 31, 2016

Westport reports financial results for the quarter ended March 31, 2016 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

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May 5, 2016
financial

Westport Announces First Quarter Fiscal 2016 for Thursday, May 12, 2016

To coincide with the disclosure, Westport has also scheduled a conference call for Thursday, May 12, 2016 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

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News Releases

January 7

Westport Fuel Systems Appoints New Director

Westport Fuel Systems Inc. today announced the appointment of Tony Guglielmin to the company’s Board of Directors, effective January 7, 2021.

November 19

Cummins Westport Announces Changes to its Board of Directors and Management Team

Cummins Westport Inc. today announced changes to its Board of Directors and Management in accordance with the terms of the 50/50 Joint Venture Agreement between Cummins Inc. and Westport Fuel Systems Inc.

November 16

Westport Fuel Systems Announces Next Generation HPDI Development Contract with OEM Partner

Program Applies HPDI to an Updated Base Engine Platform

November 9

Westport Fuel Systems Announces the Establishment of an At-the-Market Equity Offering Program

Westport Fuel Systems Inc. today announced today that the Company has established an at-the-market equity offering program.

Industry News

Published: October 6

Volvo Trucks sees increased interest in LNG

Swedish truck maker Volvo said it’s seeing hauliers and transport buyers moving towards refrigerated liquefied gas as a cheaper and more environmentally friendly alternative to diesel.

Published: September 30

India: Maruti Suzuki sells 300,000 units of the WagonR S-CNG

The Maruti Suzuki WagonR S-CNG has emerged as the highest selling natural gas vehicle in the country, as this greener and safer factory-fitted CNG model has surpassed 300,000 units in sales.

Published: September 24

Why Fleet Managers Anheuser Busch Kehe Distributors are Fueling Renewable Natural Gas

While much attention has shifted to the potential for battery-electric or hydrogen vehicles, another technology with a vast infrastructure — renewable natural gas — is gaining traction among fleet managers.

Published: July 17

Egypt launches ambitious strategy to shift from gasoline to natural-gas powered cars

Egypt has launched an ambitious plan to shift the primary fuel for vehicles in its jurisdiction from petrol and diesel to compressed natural gas.

Published: March 26

Coronavirus Economic Fallout May Boost NGVs as Alternative Transportation

Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.

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