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Ballard Signs Agreement to Sell German Subsidiary to DaimlerChrysler and Ford

ballard_logo_B.gifBallard 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 ]

Posted by Mark Anderson on June 24, 2005 11:11 AM |





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