Volvo Group ("Volvo") and Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT) (Nasdaq: WPRT) today announced the closing and launch of their previously announced joint venture transaction. The joint venture is committed to accelerating the commercialization and global adoption of Westport's HPDI™ fuel system technology for long-haul and off-road applications. The joint venture will be led, on an interim basis, by Dan Sceli, Chief Executive Officer of Westport in addition to Scot
Westport (WPRT) is poised to gain from HPDI fuel system technology and Euro 6 and Euro 7 LPG programs amid delayed production in China and strong competition.
Westport (WPRT) reports lower-than-expected first-quarter results. Revenues decline year over year.