Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Westport and Delphi Sign Collaboration Deal

Westport Innovations (NASDAQ: WPRT  ) and Delphi Automotive (NYSE: DLPH  ) are teaming up to advance a key auto engine technology. The former announced that the two companies have signed a joint development agreement for Westport's high pressure direct natural gas injectors. The financial terms of the deal were not made public.

Under the agreement, the two companies will work together to develop the technology, with Westport investing in critical production equipment and Delphi providing designers and certain resources to the project. Based on current estimated demand for the fuel injection segment, Westport says the collaboration should result in annual production capacity exceeding 100,000 injectors over the next four years.

Westport's natural gas injectors are designed for use in heavy-duty engine applications.

The announcement comes less than a week after Westport posted its Q4 and fiscal 2013 financial results. For the quarter, revenue was up 32% on a year-over-year basis to $52.6 million, although net loss more than doubled (to $89.5 million from $37.6 million). For the full year, the top line was $164.0 million, an improvement of 5% over the 2012 figure, while net loss deepened by 88% to $185.4 million.   

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2862385, ~/Articles/ArticleHandler.aspx, 9/1/2015 12:22:58 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

Today's Market

updated 3 hours ago Sponsored by:
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASD 4,776.51 -51.82 -1.07%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/31/2015 4:08 PM
DLPH $75.52 Up +0.17 +0.23%
Delphi Automotive CAPS Rating: ****
WPRT $3.54 Up +0.10 +2.91%
Westport Innovatio… CAPS Rating: ****