Ballard Power (BLDP), DaimlerChrysler AG, (“DaimlerChrysler”) and Ford Motor Company (“Ford”) have signed an agreement for the previously announced sale of Ballard’s German subsidiary, Ballard Power Systems AG (“BPSAG”), to DaimlerChrysler and Ford. This deal will give Ballaard some much needed cash and will allow them to focus on research and fuel cell development. [ more ]
