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ENGINE MAKERS * Canada: Westport's
* B.C. - Why Westport Innovations Inc. stock has crashed 30% in 2014
Vancouver,BC,CAN -The Motley Fool, by Jason Hall -September 6, 2014: -- Westport Innovations has become a "love it or hate it" company over the past several years. The promise of cheap domestic natural gas reducing our dependence on imported and more polluting gas and diesel for transportation is incredibly appealing. As the producer of some of the most innovative technology for natural gas engines, Westport's promise has drawn a lot of attention. But inconsistent results, a somewhat confusing business model that has undergone significant changes over the past year, and what seems to be very slow adoption of natural gas vehicles, has whipsawed the stock back and forth and cost investors a lot of money... What Westport does versus what Westport did... Detractors point to Westport's 2013 decision to discontinue its 15-liter natural gas engine for heavy-duty trucking as proof that its business model and the market aren't viable... But ... First, the 15-liter engine size fits a small niche in the truck market. It's too large and uses too much fuel for the majority of users, so it's unsurprising that there wasn't significant demand. Second, discontinuing the engine was part of a larger decision to refocus the company away from being an engine builder, and instead work with engine and truck makers as an OEM supplier...
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