VOXX International Corporation Reports Its Fiscal 2017 Second Quarter Results

HAUPPAUGE, N.Y., Oct. 11, 2016 -- VOXX International Corporation (VOXX), a leading global manufacturer and distributor of automotive and consumer lifestyle products, today announced its financial results for its Fiscal 2017 second quarter ended August 31, 2016.
 
Commenting on the Company's Fiscal 2017 performance, Pat Lavelle, President and CEO stated, "We reported year-over-year growth during the second quarter and remain on track to drive growth in our business this Fiscal year.  While our Automotive segment is expected to be down slightly, most of it is timing related and we have new programs slated to begin towards the end of our Fiscal year.  We were also awarded another $45 million in new contracts during the second quarter, bringing the total value of OEM awards received over the past three quarters to approximately $380 million.  Our Consumer Accessories and Premium Audio segments posted strong growth, with new product introductions driving improvements, and load-in's for the all-important holiday season are looking good.  With gross margins holding and continued cost controls in place, we expect Fiscal 2017 to show improved top- and bottom-line performance this year."
Published: 12 October 2016
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Accuride Completes Sale of Brillion Iron Works

EVANSVILLE, Ind.-- Accuride Corporation (ACW) (“Accuride”) – a leading supplier of components to the North American and European commercial vehicle industries – announced that it has sold its Brillion Iron Works (“Brillion”) subsidiary to a subsidiary of Metaldyne Performance Group Inc. (“MPG”), a leading provider of highly-engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets. Under the purchase agreement, MPG has acquired from Accuride all of the stock of Brillion Iron Works, Inc., a Delaware corporation, for total cash consideration of $14 million.
 
Located in Brillion, Wis., Brillion specializes in the casting design and production of gray, ductile and austempered ductile iron castings for a range of industries, including light vehicle, commercial vehicle, agricultural, construction, oil & gas and mining equipment, among others.
 
“Today’s action will enable Accuride to focus completely on our strategic vision to be the premier supplier of wheel-end system solutions to the global commercial vehicle industry,” Accuride President and CEO Rick Dauch said.
Published: 02 September 2016
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Westport Fuel Systems Reports Second Quarter 2016 Financial Results

~ Key Deliverables Set for 2016;  Portfolio Review Underway ~
 
VANCOUVER, Aug. 9, 2016 - Westport Fuel Systems Inc. ("Westport Fuel Systems") (TSX:WPT / Nasdaq:WPRT) reported financial results for the quarter ended June 30, 2016. The quarter and year-to-date results for the period ended June 30, 2016 include one month of the former Fuel Systems Solutions, Inc. ("Fuel Systems") results following completion of the merger that closed on June 1, 2016.  All figures are in U.S. dollars unless otherwise stated.
The merger between Fuel Systems and Westport Innovations Inc. ("Westport") closed in the second quarter of 2016. The combined entity now known as Westport Fuel Systems has operations around the globe with a talented team, serving customers in over 70 countries and offering a variety of leading brands in the transportation and industrial applications space. Nancy Gougarty was appointed as Chief Executive Officer ("CEO") on July 22, 2016 to lead this global alternative fuel company.
Published: 09 August 2016
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Kandi Technologies Reports Fourth Quarter and Full Year 2015 Financial Results

- Q4 EV parts sales increased 51.6% YoY to $57.5 million
- 2015 EV parts sales increased 68.4% YoY to $196.1 million
- Q4 the JV Company sold 12,100 EV products, a 231.0% increase YoY
- 2015 the JV Company sold 24,220 EV products, a 121.5% increase YoY
- Q4 Non-GAAP net income increased 250.9% YoY to $13.9 million, or $0.30 EPS
- Full year Non-GAAP net income increased 100.9% YoY to $28.5 million, or $0.61 EPS
 
JINHUA, China, March 14, 2016 -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (KNDI), today announced its financial results for the fourth quarter and year ended December 31, 2015.
 
Fourth Quarter Highlights
Total revenues grew 11.2% to $58.8 million for the fourth quarter of 2015, from $52.9 million for the same period of 2014.
Published: 14 March 2016
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Westport Signs Amendment to Merger Agreement with Fuel Systems

~Updated agreement reflects current market conditions; provides greater certainty to Westport and Fuel Systems shareholders ~

VANCOUVER, March 7, 2016 - Westport Innovations Inc. (TSX:WPT / Nasdaq:WPRT) ("Westport"), engineering the world's most advanced natural gas engines and vehicles, announced today that it has signed an Amendment to the Agreement and Plan of Merger (the "Amendment") in relation to the proposed business combination (the "Merger") between Westport and Fuel Systems Solutions, Inc. ("Fuel Systems") (Nasdaq:FSYS - News). All figures are in U.S. dollars unless otherwise stated.

The Amendment includes several updated changes in relation to the previously announced Agreement and Plan of Merger (the "Agreement") with Fuel Systems, dated September 1, 2015. The Amendment has been approved by the Boards of Directors of both companies. 

Published: 07 March 2016
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