Ballard shareholders OK sale of auto cell unit

Newswire

(Figures in U.S. dollars unless noted) VANCOUVER, British Columbia, Jan 25 (Reuters) - Ballard Power Systems Inc shareholders approved a plan on Friday to spin off its automobile fuel cell assets to Daimler AG and Ford Motor Co . The vote exits Ballard from a project that once made it a darling of investors, but become a financial drain as bringing fuel-cell powered cars into the commercial market faced continued delays. Daimler and Ford will trade their stakes in Ballard for the unit ...

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