Torotrak Shares Jump After Successful Supercharger Test
May 17 2016 - 4:48AM
Dow Jones News
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.
(F), met requirements "to enable significant engine downsizing,"
Torotrak said.
V-Charge is designed to enable car makers to reduce engine sizes
while maintaining the same performance levels. Engine downsizing is
seen by the industry as critical to meet emissions regulations in
passenger cars in a cost-effective way, said Torotrak.
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
May 17, 2016 04:33 ET (08:33 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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