Westport Fuel Systems (US) (TSE:WPRT) has released an update.
Westport Fuel Systems Inc. has reported a decline in first-quarter revenue for 2024, accompanied by a net loss increase due to lower sales volumes and rising costs. Despite these challenges, the company is actively implementing cost-saving strategies and streamlining operations to focus on efficiency and profitability. Additionally, Westport is positioned to benefit from the EU’s updated Zero Emission Vehicle regulations, which favor the company’s heavy-duty vehicle technologies.
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