2016
June 23, 2016
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 Technologies reaffirms the release of its new Heavy-Duty / Light Weight Rail Auxiliary Power Unit.
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June 16, 2016
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
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
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 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
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
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
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
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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