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Westport Fuel Systems Shares Spike 35% After Amazon Orders More Than 1,000 of the Company's Natural-Gas Engines for Its Growing Truck Fleet
Friday, February 12, 2021Company Profile | Careers | Follow Company
Vancouver, BC, February 12, 2021--(T-Net)--Shares of Vancouver-headquartered Westport Fuel Systems soared nearly 35% this week and to a five-year high on Monday after the company agreed to supply natural-gas truck engines to Amazon's shipping fleet.
The e-commerce giant has ordered over 1,000 engines from Westport as a part of a multi-year rollout, boosting Amazon's growing truck fleet.
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The trucks will be supplied by a joint venture between Vancouver, Canada-based Westport and Columbus, Indiana-based Cummins Inc., a power technology company.
See the full story on the Business Insider website here.
About Westport Fuel Systems
Westport Fuel Systems is driving innovation to power a cleaner tomorrow. The company is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Westport's technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, the company serves customers in more than 70 countries with leading global transportation brands. For more information, visit www.wfsinc.com.
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