Cummins Inc. is now the sole owner of the former Cummins-Westport natural gas engine joint venture, a 10-year partnership that ended Dec. 31, 2021.
Westport Fuel Systems gets $20 million from Cummins in exchange for its share of intellectual property of the joint venture, which Cummins will continue to operate. Natural gas reduces smog-forming emissions by 90% compared to current EPA standards for nitrogen oxide air pollutants.
Watch now: Cummins takes over Westport portion of natural gas joint...
https://www.freightwaves.com/news/cummins-buys-out-westport-natural-gas-joint-venture-for-20m