Ballard Power Systems Inc. officially unloads a key part of its fuel-cell business to Ford Motor Co. and DaimlerChrysler AG. Under the newly inked pact, the Canadian fuel-cell firm sheds its “balance-of-plant” business, Ballard Power Systems AG, based in Stuttgart. Under the deal's terms, Ballard recovers $20 million in related expenses incurred over the past 10 months and cuts its cash consumption by about $25 million, while also reducing Ballard's committed and outstanding share capital ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.