Business
Westport and Volvo Group Announce Closing of the Joint Venture
Westport and Volvo Group Announce Closing of the Joint Venture Canada NewsWire ...
About this update from Westport Fuel Systems, Inc.
[{"type":"text","content":"\n \n \n \n Westport and Volvo Group Announce Closing of the Joint Venture\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Working Together to Accelerate the Commercialization and Global Adoption of\n \n Westport's\n \n HPDI™ Fuel System Technology for Long-Haul and Off-Road Applications\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 3, 2024\n \n \n /CNW/ - 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\n \n Westport's\n \n HPDI™ fuel system technology for long-haul and off-road applications. The joint venture will be led, on an interim basis, by\n \n Dan Sceli\n \n , Chief Executive Officer of\n \n Westport\n \n in addition to\n \n Scott Baker\n \n who will take on the role of Vice President, Product Development and Technology Officer and\n \n Anders Johansson\n \n who will be Vice President and Commercial Officer.  The joint venture will be headquartered in\n \n Vancouver, Canada\n \n .\n \n \n \"The successful closing of the joint venture represents an important milestone for\n \n Westport\n \n and a true endorsement of our HPDI technology and fuel system\" said Dan Sceli, CEO & Director of Westport Fuel Systems. \"Together, we will accelerate the commercial adoption of HPDI for OEMs globally by leveraging the HPDI fuel system to its fullest potential.  HPDI is uniquely poised to create and implement affordable solutions in hard to abate sectors like heavy-duty transport and off-road applications.\"\n \n \n \"This collaboration with\n \n Westport\n \n is a testament to our shared dedication to sustainability and our belief in the power of partnership to drive industry change. As we embark on our joint venture together, we are confident that, we can bring sustainable solutions forward, ...