Fuel Systems Solutions Inc. (FSYS) said it received in late December a Ship to Commerce decision from GM to begin deliveries of bi-fuel pickup trucks converted in its Union City, Indiana OEM conversion center using Fuel Systems' natural gas components. GM's Fleet and Commercial department forwards the bi-fuel pickups to its dealer network according to orders status.
Fuel Systems recorded revenue from the deliveries in 2012. Given this and results from major markets served, the company reaffirms its outlook for full year 2012 revenue within its previously announced outlook range. The company will present its full financial results when it reports the 2012 fourth quarter in March.
While announcing the third-quarter result, the company expected full year 2012 revenue to be between $380 million and $395 million.
Analysts polled by Thomson Reuters expect the company to report revenues of $384.73 million for fiscal 2012. Analysts' estimates typically exclude special items.
Additionally, Fuel Systems said it has received from GM a new 2013 contract that expands the CNG product offering for this year to include both the regular (135-inch / 3,429-mm) and extended (155-inch / 3,937-mm) wheelbase lengths for the Express and Savana Cargo Vans.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.