Exhibit 99.1

Fuel Systems Solutions Reports Fourth Quarter and Year End 2014 Results

Company to Implement Three-Year Restructuring Plan to Drive Anticipated Annualized Benefits of Approximately $25.0 Million

NEW YORK, March 11, 2015 -- Fuel Systems Solutions, Inc. (Nasdaq: FSYS) reported results for its fourth quarter and year ended December 31, 2014.  

Highlights

Mariano Costamagna, Fuel Systems Solutions Inc. (Fuel Systems or FSS) CEO, said, “The Company’s Board of Directors and management, led by the Strategic Oversight Committee with the support of a major international consulting firm, are initiating a set of restructuring steps to increase operating efficiencies and size our manufacturing footprint to our current revenue base. We expect this program to generate benefits accruing over the next three years, improving our core profitability and creating a leaner, stronger base on which to leverage our market positioning, our technological leadership, and to drive further innovation and enhanced revenue opportunities. While not all of the actions we may take will be easy, we believe we are making the correct decisions for the Company, and will update analysts and investors on the plan on a regular basis. The Strategic Oversight Committee continues to evaluate further actions to enhance value, with the objectives of best capturing our end market opportunities and delivering returns for shareholders.”

Restructuring Plan

After a thorough evaluation of its operations, Fuel Systems Solutions has begun a plan of operational restructuring planned to be completed by year-end 2017. The elements of this plan include:

While final determinations of all specific actions have not yet been made, the Company believes it can realize, over three years, benefits totaling approximately $25.0 million less costs of approximately $10.0 million. Based upon the current timing of these initiatives, the Company anticipates a net increase in expenses in 2015, with the majority of benefits to be realized beginning in 2016. After the initial three year period the Company expects to  enjoy annualized benefits of approximately $25.0 million.

Fourth Quarter 2014 Financial Results

Total revenue for the fourth quarter of 2014 was $85.4 million compared to $92.6 million for the fourth quarter of 2013. Included above is the impact of foreign exchange on fourth quarter 2014 revenue, which was negative $8.8 million, and without the unfavorable foreign exchange impact, fourth quarter 2014  revenue was up 1.7% compared to the prior year period.

In constant currency, FSS Automotive revenue was positively impacted by the increases in aftermarket and compressor sales, partially offset by lower DOEM and OEM sales volumes as a result of difficult economic conditions and the previously disclosed conclusion of certain programs.  FSS Industrial revenue decreased compared to the prior-year period primarily reflecting lower demand for mobile equipment due to increased competition that resulted in the loss of a large customer and a decrease in heavy duty sales in Thailand as well as declines in stationary equipment.

Gross profit for the fourth quarter of 2014 was $19.4 million, or 22.8% of revenue, compared to $17.6 million, or 19.0% of revenue, for the fourth quarter of 2013. The higher gross profit primarily reflects modestly higher sales volumes and lower direct labor as a result of workforce reduction earlier in 2014 in the FSS Automotive operations as well as a shift in the mix of business. FSS Industrial results reflect an increase in gross profit margin percentage as a result of reduced volumes of lower margin business.  

Corporate expenses increased $1.3 million compared to the prior year as a result of increases in outside services for consultants in connection with restructuring and other activities.  Operating loss for the fourth quarter of 2014 totaled $2.6 million, or 3.1% of revenue, compared to operating loss of $3.2 million, or 3.4% of revenue, for the fourth quarter of 2013.

Adjusted EBITDA for the fourth quarter of 2014 was $0.0 million,, compared to a loss of $0.3 million, , for the fourth quarter of 2013. Adjusted EBITDA is a non-GAAP measure. See “Non-GAAP Measures” below for a discussion of this metric.  

The Company’s income tax rate is primarily a result of the fluctuation of earnings in various foreign jurisdictions and losses incurred for which no tax benefits have been recorded.   In the fourth quarter of 2014, there were certain foreign jurisdictions where tax benefits were not included in the Company’s income tax provision compared to certain jurisdictions that previously were benefitted.

Net loss for the fourth quarter of 2014 was $4.0 million, or $0.20 per diluted share, compared to net loss of $3.3 million, or $0.16 per diluted share, for the fourth quarter of 2013.

FSS Automotive Operations

FSS Automotive fourth quarter 2014 revenue was $61.2 million, compared to $64.4 million from the same quarter a year ago. The impact of foreign exchange on FSS Automotive was negative $7.2 million; in constant currency, fourth quarter 2014 FSS Automotive revenue increased 6.2% compared to the prior year period, reflecting increases in the aftermarket and compressors sales as mentioned above offset by decreases in both DOEM and OEM volumes. FSS Automotive fourth quarter 2014 operating loss was $2.0 million compared to operating loss of $2.7 million in the same period a year ago. FSS Automotive fourth quarter 2014 Adjusted EBITDA was $0.5 million, compared to Adjusted EBITDA loss of $0.8 million a year ago.

FSS Industrial Operations

FSS Industrial fourth quarter 2014 revenue was $24.2 million compared to $28.2 million the same quarter a year ago. The impact of foreign exchange on FSS Industrial was negative $1.6 million; in constant currency, fourth quarter 2014 FSS Industrial revenue decreased 8.6% compared to the prior year period, primarily reflecting lower demand for the reasons explained above. FSS Industrial fourth quarter 2014 operating income was $2.5 million, compared to operating income of $1.3 million in the same period a year ago. FSS Industrial fourth quarter 2014 Adjusted EBITDA was $3.1 million, compared to $1.5 million a year ago.

Full Year Ended December 31, 2014 Financial Results

For the full year ended December 31, 2014, total revenue was $339.1 million compared to $399.8 million for 2013. Net loss for 2014 was $53.4 million, or $2.66 per diluted share, including a goodwill and long-lived impairment charge of $43.2 million (net of tax benefit of $1.1 million) or $2.15 per share recorded in second quarter of 2014. This compares to net loss of $0.5 million, or $0.02 per diluted share for 2013. Adjusted EBITDA for 2014 was $4.4 million compared to $16.7 million for 2013.

FSS Automotive revenue for the full year ended December 31, 2014 was $234.7 million compared to $276.5 million for 2013. FSS Automotive operating loss was $49.8 million for 2014, including $40.2 million of the goodwill and long-lived

asset impairment charge recorded in second quarter of 2014, compared to operating income of $1.1 million for 2013. FSS Automotive Adjusted EBITDA for 2014 was $2.5 million compared to $11.1 million for 2013.

FSS Industrial revenue for the full year ended December 31, 2014 was $104.4 million compared to $123.4 million for 2013. FSS Industrial operating income was $4.2 million for 2014, including $4.1 million of the goodwill and long-lived asset impairment charge recorded in second quarter of 2014, compared to $9.8 million for 2013. FSS Industrial Adjusted EBITDA for 2014 was $10.6 million compared to $11.3 million for 2013.

Share Repurchase Program Update

During the fourth quarter of 2014, the Company repurchased 336,811 shares of common stock pursuant to the $ 25.0 million share repurchase program approved by the Board of Directors on November 3, 2014. This program is expected to continue for up to one year from its inception. Purchases under the share repurchase program may be made from time to time in open-market transactions, block transactions on or off an exchange, or in privately negotiated transactions. The Company expects shares to continue to be repurchased at prevailing market prices based on market conditions and other factors. Through March 10, 2015, the Company has repurchased 1,087,915 shares of common stock.

2015 Outlook  

The Company expects:

Non-GAAP Measures

To provide investors and others with additional information regarding Fuel Systems’ results, in addition to the results presented in accordance with generally accepted accounting principles, or GAAP, in this press release, Fuel Systems presents Adjusted EBITDA, which is a non-GAAP measure. A reconciliation of this non-GAAP measure to the closest GAAP financial measure is presented in the financial tables below under the heading “Non-GAAP FINANCIAL MEASURE RECONCILIATION.” Adjusted EBITDA is determined by adding the following items to Net Income, the closest GAAP financial measure:  Depreciation & Amortization; Interest income, net; and Benefit (Provision) for Income Taxes and Impairments (EBITDA is defined similarly excluding an adjustment for impairments).  Fuel Systems’ management believes this non-GAAP financial measure offers additional insight into the Company’s ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in the business, as it excludes certain non-cash items. This non-GAAP financial measure also can provide useful information to investors and others in understanding and evaluating Fuel Systems’ operating results and future prospects when comparing financial results across accounting periods and to those of peer companies. Fuel Systems may not define this non-GAAP financial measure in a manner similar to other companies.

Conference Call

The Company will host a conference call today, March 11 at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time to discuss its fourth quarter and year-end 2014 financial results and other matters. To listen to the call live, please dial 877-359-9508 at least 10 minutes before the start of the conference. International participants may dial 224-357-2393.  The conference ID will be 85137395.  The call will be webcast and can be accessed from the “Investor Relations” section of the

company’s website at http://www.fuelsystemssolutions.com.  A telephone replay will be available until midnight Eastern Time on March 13^th by dialing 855-859-2056 or 404-537-3406 and entering pass code 85137395. A replay will also be available at the web address above for 90 days.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  These statements are not historical facts, but instead involve known and unknown risks, uncertainties and other factors that may cause our Company’s actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward looking statements. Statements in this press release that are not historical facts are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Words such as: “may,” “will,” “would,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “seeks,” “on-going” or the negative of these terms or other comparable terminology often identify forward-looking statements, although not all forward-looking statements contain these words. You should consider statements that contain these words carefully because they describe our expectations, plans, strategies and goals and beliefs concerning future business conditions, our results of operations, financial position and our business outlook, or state other “forward-looking” information based on currently available information. There are a number of important factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements. These risks and uncertainties and certain other factors which may impact our continuing business financial condition or results of operations, or which may cause actual results to differ from such forward-looking statements, include, but are not limited to, the unpredictable nature of the developing alternative fuel U.S. automotive market, customer dissatisfaction with our products or services, the inability to deliver our products on schedule, a further slowing of economic activity, our ability to maintain customer program relationships, our ability to achieve the anticipated benefits in connection with the Company’s cost-cutting initiatives and restructuring plan, potential changes in tax policies and government incentives and their effect on the economic benefits of our products to consumers, the continued weakness in financial and credit markets of certain countries, the growth of non-gaseous alternative fuel products and other new technologies, the price differential between alternative gaseous fuels and gasoline, and the repeal or implementation of government regulations relating to reducing vehicle emissions, economic uncertainties caused by political instability in certain of the markets we do business in, the impact of the Argentinean debt crisis on our business, our ability to realign costs with current market conditions, as well as the risks and uncertainties included in our Annual Report on Form 10-K for the year ended December 31, 2013 and our other periodic reports filed with the SEC. These forward-looking statements are not guarantees of future performance. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not place undue reliance on these forward looking statements. The forward-looking statements made in this press release relate to events and state our beliefs, intent and our view of future events only as of the date of this press release. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

About Fuel Systems Solutions

Fuel Systems Solutions (Nasdaq: FSYS) is a leading designer, manufacturer and supplier of proven, cost-effective alternative fuel components and systems for use in transportation and industrial applications. Fuel Systems’ components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas, used in internal combustion engines. These components and systems feature the Company’s advanced fuel system technologies, which improve efficiency, enhance power output and reduce emissions by electronically sensing and regulating the proper proportion of fuel and air required by the internal combustion engine.  In addition to the components and systems, the Company provides engineering and systems integration services to address unique customer requirements for performance, durability and configuration. Additional information is available at www.fuelsystemssolutions.com.  

Company Contact:

Pietro Bersani, Chief Financial Officer, Fuel Systems Solutions, Inc.

(646) 502-7170

Investor Relations Contacts:

LHA

Carolyn M. Capaccio

ccapaccio@lhai.com

Cathy Mattison

cmattison@lhai.com (415) 433-3777

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FUEL SYSTEMS SOLUTIONS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data); (Unaudited)

FUEL SYSTEMS SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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FUEL SYSTEMS SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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FUEL SYSTEMS SOLUTIONS, INC.

NON-GAAP FINANCIAL MEASURE RECONCILIATION

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 FUEL SYSTEMS SOLUTIONS, INC.

OPERATING SEGMENT INFORMATION

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