News Tagged with "Westport"

October 12, 2011
acquisitionpartnershipsautomotiveproductsWestport

Westport Acquires Alternative Fuel Vehicle Sweden AB, European Natural Gas System Supplier to Volvo Cars

Acquisition Marks Continued Expansion into Growing Automotive Segment for Global Leader in Natural Gas Engines

Westport has acquired Alternative Fuel Vehicle Sweden AB (AFV) of Gothenburg, Sweden for approximately SEK 51 million (approximately US$7.6 million). AFV is the sole supplier of natural gas fuel systems to Volvo Car Company.

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October 6, 2011
recognitionWestport

Westport Inventor Philip Hill to Receive Manning Innovation $100,000 Principal Award

Vancouver's Philip G. Hill, principal inventor of Westport’s founding technology using clean-burning natural gas in diesel engines, will win the 2011 $100,000 Encana Principal Award granted by the Ernest C. Manning Awards Foundation.

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September 28, 2011
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Westport LD Announces New Natural Gas System for Ford Super Duty Pickups

Westport WiNG™ Power System for F-Series Trucks Will be Sold, Serviced by Authorized Ford Dealers

Westport LD has unveiled the new Westport WiNG™ Power System (WiNG™), an advanced, integrated, bi-fuel system for passenger and commercial vehicles targeting fleet customers. WiNG™ will be available in the popular Ford F-250 and F-350 Super Duty pickup trucks sold and serviced through authorized Ford dealers.

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September 7, 2011
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Westport to Launch Innovative Co-Marketing Program with Shell to Develop North American Market for Liquefied Natural Gas Vehicles and Fuels

Westport has entered into an agreement with Shell to launch a co-marketing program in North America aimed at providing customers a better economic case when purchasing and operating liquefied natural gas–powered vehicles (LNGVs) by consolidating key value chain components such as fuel supply, customer support and comprehensive maintenance into a single, user-friendly package.

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July 6, 2011
Cummins Westport

Cummins Westport Inc. Celebrates 10,000th ISL G Engine

Cummins Westport announces the production and celebration of the 10,000th ISL G natural gas engine at the Cummins Engine Plant in Rocky Mount, N.C. (RMEP). Cummins Westport ISL G engines are sold globally in a variety of applications including shuttle and school buses, urban transit, vocational, and medium and heavy-duty truck and tractor applications.

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July 5, 2011
acquisitionautomotivefinancialWestport

Westport Closes Acquisition of Emer S.p.A.

Previously Announced Acquisition Closes on Schedule

Westport has completed the purchase of Emer S.p.A. (Emer), of Brescia, Italy. After deduction of certain amounts contractually agreed upon, Westport, at closing, paid approximately Euro 25.6 million (approximately US$37.2 million), which consisted of Euro 12.1 million (US$17.6 million) in cash and 881,860 shares of Westport.

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June 28, 2011
partnershipsautomotiveWestport

Westport Signs Agreement with General Motors to Research Advanced Natural Gas Engine Technology for Light-Duty Vehicles

General Motors and Westport are now in an agreement to help develop advanced natural gas engine technology. Both General Motors and Westport will bring their extensive expertise to develop natural gas engine controls, emissions and performance strategies.

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June 8, 2011
acquisitionautomotivefinancialWestport

Westport Announces Intention to Acquire Emer S.p.A. of Italy

Westport will purchase Emer S.p.A. (Emer),of Brescia, Italy for Euro 27 million (approximately US$39.6 million) through a combination of stock and cash, plus the assumption of approximately Euro 53 million in existing net debt within Emer.

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May 27, 2011
stock marketCummins Westport

Westport Innovations to Ring NASDAQ Opening Bell

Natural Gas Truck on Display in Times Square

Westport announced it will ring the Opening Bell of the NASDAQ Stock Market on Tuesday, May 31, 2011 at 9:30 am (Eastern Time) at NASDAQ MarketSite in New York. In honour of the event, Westport’s management team and several members of the Board of Directors will be in attendance to ring the bell. At the same time, a natural gas truck powered by a Cummins Westport ISL G engine will be on display outside NASDAQ MarketSite in Times Square.

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May 17, 2011
off-roadstock marketpartnershipsWestport

Westport Announces Agreement with Caterpillar for Evaluation of Fuel System Technologies for High Horsepower Engines

Westport is in an agreement with Caterpillar, Inc. to evaluate direct injection, natural gas fuel system technologies for possible use on Caterpillar’s large engines. As part of the agreement, the parties will combine their respective technologies and components to develop a fuel system that will be evaluated on a multi-cylinder test engine.

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News Releases

June 4

Westport Fuel Systems Reports First Quarter 2020 Financial Results

Westport Fuel Systems Inc. reported financial results for the first quarter ended March 31, 2020 and provided an update on operations.

May 28

Westport Fuel Systems Secures €5 Million Loan from UniCredit

Transaction to Strengthen the Liquidity of Emer S.p.A. in Brescia, Italy

May 26

Westport Fuel Systems Awarded GASTEC Tender

BRC to Supply Systems to the Growing Egyptian Market

April 30

Westport Fuel Systems Publishes 2020 Annual and Special Meeting of Shareholders Results

Shareholders approved all resolutions presented at the Meeting.

April 29

Westport Fuel Systems to Announce First Quarter Results on Thursday, June 4, 2020

Westport Fuel Systems has also scheduled a conference call for Friday, June 5, 2020 at 10:30am ET (7:30am PT)

Industry News

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.

Published: March 16

Europe Increasingly Turns to CNG, LNG

The statistics not only show continuously growing sales of CNG and especially liquefied natural gas fueled vehicles, but also the growth of corresponding fueling infrastructure.

Published: March 12

Finnish heavy-duty transport expert Simeon: ”Gas is energy of the future”

Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.

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