News Tagged with "Automotive"

June 28, 2013
acquisitionautomotiveproductsWestport

Westport Acquires Clean Energy’s Natural Gas Vehicle Business, BAF Technologies and ServoTech Engineering, to Expand Ford Product Portfolio and Dealership Coverage

Commits $5 Million to Co-Marketing Program with Clean Energy

Westport has acquired BAF Technologies and its subsidiary ServoTech Engineering, Inc., both subsidiaries of Clean Energy Fuels for $25 million in Westport stock. Westport and Clean Energy also announced a $5 million joint marketing and sales program..

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June 11, 2013
automotiveproductsWestport

Volvo Car Group Unveils V60 Bi-Fuel Car with Westport Natural Gas Fuel System at NGV 2013 Gothenburg

Volvo Car Group unveils its new Volvo V60 Bi-Fuel car in conjunction with the NGV 2013 Gothenburg event being held from June 11 to 13 at the Swedish Exhibition Centre in Gothenburg, Sweden. Sales for the new product will start in October 2013 in Sweden.

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May 30, 2013
automotivecustomerspartnershipsproductsWestport

Westport Announces GAZ Group as a Launch Partner for the WP580 Natural Gas System

Commercial Availability Expected in 2014

Westport signs agreement with GAZ Group to design and develop spark ignited natural gas systems for a new range of GAZ Group CNG commercial vehicles. Westport's new WP580 Engine Management System will be applied to GAZ's YaMZ-530 4.4L and 6.6L diesel engines and will incorporate Westport proprietary components and technology in the multi-year development and supply agreement signed today.

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March 19, 2013
automotiveproductsWestport WiNGfacilitiesWestport

Westport WiNG™ Power System on Ford F-Series Soon Available in Canada

Windsor Integration Centre to Serve Canadian Market

The Ford F-Series Super Duty trucks with the Westport WiNG™ Power System will soon be available to Canadian customers. To serve the Canadian market, Westport is opening an integration centre in Windsor, Ontario with trucks expected to be ready for delivery to customers by late June 2013.

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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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September 28, 2011
partnershipsWestport WiNGautomotiveWestport

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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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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July 2, 2010
acquisitionautomotiveWestport

Westport Acquires OMVL of Italy and 100% of Juniper Engines for €19 Million

Accretive Acquisition Expected to Add Approximately US$25M in Revenue and Launch Light-Duty Automotive Strategy for Westport's Juniper Engines

Westport has announced that it has acquired 100% of the outstanding shares of OMVL SpA and OMVL’s 51% share of Juniper Engines Inc. for a combined consideration of €19.0 million (approximately US$23.4 million).

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News Releases

August 11

Westport Fuel Systems Secures €7 Million Loan from Deutsche Bank

Further strengthens liquidity of Emer S.p.A in Brescia, Italy

August 11

Westport Fuel Systems Publishes Inaugural Environmental, Social and Governance Report

Highlights longstanding commitment to ESG performance

August 6

Westport Fuel Systems Reports Second Quarter 2020 Financial Results

Westport Fuel Systems Inc. reported financial results for the second quarter ended June 30, 2020 and provided an update on operations.

August 4

Westport Fuel Systems Announces Supply Contract with NAFTAL

MTM to Supply LPG Systems to the Growing Algerian Market

July 24

Westport Fuel Systems Secures €15 Million Loan from UniCredit

Transaction to Bolster the Liquidity of MTM in Cherasco, Italy

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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