Fuel Systems Cuts Revenue Forecast Amid Europe Slump

Newswire

(Adds details and updates shares) By Sagarika Jaisinghani Aug 18 (Reuters) - Weak demand for alternative fuel vehicles and increasing competition in Europe are hurting Fuel Systems Solutions Inc at a time when its peers are riding a recovery in the U.S. auto industry. New York-based Fuel Systems, whose products allow vehicles to run on propane and natural gas, said it has lost customers in Europe, which contributes about 40 percent to the company's revenue and is its largest market. The ...

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