Torotrak Shares Jump After Successful Supercharger Test

By Rory Gallivan
LONDON–Shares in fuel-efficiency-technology company Torotrak PLC (TRK.LN) surged Tuesday after it said its gasoline
and diesel engine supercharger V-Charge met targets in testing conducted by the University of Bath.
The testing, which was assisted by the car maker Ford Motor Co. ( FFord Motor Company F13.22 +0.10 (0.76%)Toyota’s Earnings Dip On Currency Impact and Unit Sales Decline In Key GeographiesUS Stocks Eye Lower Open as Consumer Shares Weigh; Staples, Office Depot Drop DealPowered by Market IQ ), met requirements “to enable significant engine
downsizing,” Torotrak said.makeAd(‘4′,’300×250′,’mktsnews’,’article’,”,”);
Further tests are ongoing and Torotrak will start testing its supercharger in a Ford Focus in summer, it said.
Shares at 0756 GMT were up 10.2%, at 5 pence, valuing the company at 26.1 million pounds ($37.5 million).

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires
05-17-160433ET
Copyright (c) 2016 Dow Jones & Company, Inc.

This article appears in:

Energy

More Headlines for:

F


Download

Leave a Reply

Your email address will not be published. Required fields are marked *