Power Solutions Says General Motors to Use its Alternative-Fuel Specialty Vehicle Modifier in North America

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Power Solutions International shares were higher 5% on Monday after the company said General Motors (GM) has selected the company as its alternative-fuel specialty vehicle modifier in North America.

The agreement authorizes Power Solutions to perform alternative-fuel conversions, including natural gas and propane options, on a range of GM specialty vehicles for fleet, commercial and retail markets.

The vehicles covered by the agreement include Silverado and Sierra 2500HD and 3500HD pickup trucks, Express and Savana passenger vans, cargo vans and commercial cutaway vehicles, and low cab forward 3500HD and 4500HD trucks.

Power Solutions plans to begin taking orders before the first of the year 2017.

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