Fuel Systems’ CEO Mariano Costamagna said: “We are thrilled to participate in GM’s bi-fuel CNG truck program. It underscores the emerging opportunity in the U.S. marketplace and our success in leveraging recent investments to develop a leadership position.”
Matthew Beale, Fuel Systems’ Co-President, added: “The announcement of GM’s bi-fuel pick-up truck is highly significant on several levels. In general, broader availability of OEM vehicles equipped to operate on CNG will drive adoption and growth in the North American market. More importantly, the bi-fuel technology has the potential to expand the addressable market as it provides a solution to the ‘range anxiety’ associated with limited compressed natural gas refueling infrastructure. With this announcement of a fully integrated OEM CNG bi-fuel solution – a market milestone – our IMPCO Automotive business has established itself as a technology leader in the fast evolving North American alternative fuels market.”
Source: Fuel Systems Solutions.