Westport, Fuel Systems Announce Merger
Westport Innovations Inc. and Fuel Systems Solutions Inc., suppliers of technology for natural gas-powered trucks, agreed on a merger valued at $351 million to capitalize on opportunities when alternative fuel markets improve.
September 1, 2015Westport’s Loss Narrows for 4Q, Year
Natural gas-technology provider Westport Innovations Inc.’s fourth-quarter and full-year losses narrowed as results from its joint venture with engine maker Cummins Inc. improved.
March 10, 2015Westport Acquires Dutch Supplier of Propane, Nat-Gas Systems
Westport Innovations Inc. said it has acquired Prins Autogassystemen Holding B.V., a Dutch supplier of propane and natural-gas vehicle technologies, in a deal valued at 12.2 million euros, or about $15 million.
December 5, 2014Westport Cuts Staff After Sales Decline
Westport Innovations Inc. is cutting its global staff by 9% and implementing executive pay cuts in an effort to reduce expenses after third-quarter sales dropped from a year ago.
November 10, 2014Westport Posts 2Q Loss, But Ships More Nat-Gas Truck Engines in North America
Westport Innovations reported a second-quarter loss but said it shipped more natural-gas engines for the North American trucking market through its joint venture with Cummins Inc.
August 5, 2014Westport Reports First-Quarter Loss
Westport Innovations, which makes natural-gas engines for trucking in a venture with Cummins Inc., reported a first-quarter loss. Revenue, however, rose 39%.
May 2, 2014Westport, Delphi Agree to Develop Nat-Gas Injectors
Westport Innovations Inc. and Delphi Automotive have signed an agreement to develop high-pressure fuel injectors for heavy-duty truck engines that use natural gas.
March 4, 2014Westport Plans Update to Nat-Gas Technology
Westport Innovations said it will partner with truck and engine manufacturers to deliver the next generation of its natural-gas engine technology.
December 23, 2013Exel Named Cummins Westport President
Gordon Exel, vice president of sales and marketing at Westport Innovations Inc., will become president of Cummins Westport Inc. in January, the company announced.
December 18, 2013Westport to End 15-Liter LNG Engine, Citing High Cost of Building Power Plant
Westport Innovations announced it is discontinuing its 15-liter liquefied natural gas engine, a move that will leave the North American trucking market without a natural-gas option for applications requiring high horsepower.
November 11, 2013