Westport Fuel Systems Sells Italian Subsidiary to Green Day Holding
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Westport Fuel Systems has sold its Italian subsidiary, Westport Fuel Systems Italia S.r.l., to Green Day Holding B.V. as part of a strategic move to streamline operations and focus on core business areas. This transaction, effective March 30, 2025, is expected to impact the company's market positioning. Despite efforts to improve margins, Westport faces challenges such as declining revenue and liquidity concerns, with a current market cap of $50M and a year-to-date price performance of -24.22%.
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