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.
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