Brief: Volvo Group And Westport To Establish Joint Venture

Westport Fuel Systems

19/07/2023 07:10

July 19 (Reuters) - Westport Fuel Systems Inc  WPRT.TO :
    * VOLVO GROUP AND WESTPORT SIGN LETTER OF INTENT TO
ESTABLISH
JOINT VENTURE TO REDUCE CO2 EMISSIONS FROM LONG-HAUL TRANSPORT
    * VOLVO WILL ACQUIRE A 45% INTEREST IN JOINT VENTURE FOR SUM
OF
APPROXIMATELY US$28 MILLION (APPROXIMATELY SEK 300 MILLION)
    * JOINT VENTURE IS EXPECTED TO LAUNCH IN FIRST HALF OF 2024

Source text for Eikon:  ID:nCNWM1xvva 
Further company coverage:  WPRT.TO   VOLVb.ST 

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