News Tagged with "Weichai Westport"

August 22, 2016

Westport Fuel Systems to Sell Portion of Joint Venture Interest for Approximately $11 Million

Company remains committed to Chinese market & continues to advance Westport™ HPDI 2.0 program

Westport Fuel Systems announced that it has entered into agreements to sell an 11.7% interest in the Weichai Westport Inc. joint venture for gross proceeds of 48.2 million RMB (approximately US$7.2 million) to Weichai Holding Group Co., Ltd. and an additional undisclosed purchaser. Associated with the sale, Westport Fuel Systems will also receive a dividend payment of 23.8 million RMB (approximately US$3.5 million) from the joint venture, generating total gross proceeds of 72.0 million RMB (approximately US$10.7 million).

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April 28, 2014

Westport and Weichai Launch WP12 Engine and Initiate Development of WD10 Engine with Westport™ HPDI 2.0 Technology

First Shipments Underway with World’s Largest Diesel Engine Manufacturer; Next Platform for HPDI Underway in Largest Market for Natural Gas Trucks

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March 13, 2012

China's First Engine with Westport™ HPDI Technology Unveiled during China National People's Congress

China's first natural gas engine featuring Westport high pressure direct injection (HPDI) technology at a press conference at the government building in Beijing, the Beijing Diaoyutai State Guesthouse. The innovative technological achievement and product introduction is the result of China's first joint venture for HPDI natural gas engines—Weichai Westport Inc.—and fills a gap in the natural gas engine market for heavy-duty trucks.

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July 16, 2008

Westport Innovations Partners with Weichai Power, China’s Largest Heavy Duty Engine Manufacturer

Joint Venture Powers International Growth in Engine Development

Westport has reached a joint venture agreement with Weichai Power Co., Ltd, China’s largest heavy duty engine manufacturer, and Hong Kong Peterson (CNG) Equipment Limited. The new entity, Weichai Westport Inc., will research, develop, design, manufacture, market, distribute and sell advanced, alternative fuel engines.

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News Releases

March 19

Westport Fuel Systems Reports Fourth Quarter and Full Year 2018 Financial Results

Strong 2018 Financial Performance and Continued Growth in 2019

March 8

Westport Fuel Systems to Announce Fourth Quarter and Fiscal 2018 Results on Tuesday, March 19, 2019

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the fourth quarter and year ended December 31, 2018 on Tuesday, March 19, 2019 after market close.

February 4

Westport Fuel Systems Announces Chief Financial Officer Resignation

Westport Fuel Systems Inc today announced that Michael Willis has resigned as its Chief Financial Officer.

January 15

Westport Fuel Systems Appoints David Johnson as Chief Executive Officer

Nancy Gougarty to Remain During a Transition Period

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