Latest Car News From DIGIADS

Latest Car News

New Car Review Areas

General Car Topics

DaimlerChrysler and Ford acquire Ballard’s Fuel Cell System Business


September 2005
 Filed under: DAIMLERCHRYSLER CORPORATE Car News | DAIMLERCHRYSLER CORPORATE Headlines
Stuttgart -- DaimlerChrysler AG and Ford Motor Company announced early this month they are officially taking over the fuel cell system business of the Canadian company Ballard Power Systems Inc. The transaction’s main feature is the acquisition of Ballard Power Systems AG in Nabern, Germany. DaimlerChrysler and Ford are establishing a joint venture in which both manufacturers will own equal shares. Known as NuCellSys GmbH, the joint venture with headquarters in Nabern will work closely with Ballard to forge ahead with the development of fuel cell systems.
* Important step in the reorganization of the fuel cell alliance between Ballard, DaimlerChrysler and Ford

* DaimlerChrysler and Ford acquire Ballard Power Systems AG in Nabern and establish the joint venture NuCellSys GmbH

* NuCellSys GmbH will continue with the development of fuel cell systems

The acquisition of the fuel cell system business represents an important step in the reorganization of the alliance between Ballard, DaimlerChrysler and Ford with the aim of bringing fuel cell drive systems to the series production stage. In the acquisition agreement signed on June 23, 2005, Ballard, DaimlerChrysler and Ford settled the details of the transaction, which puts the cooperation between the alliance partners on a new footing. The shareholders of Ballard Power Systems approved the acquisition agreement on August 29, 2005.

In addition to reorganizing the systems business, DaimlerChrysler and Ford will be focusing on ways to best integrate fuel cell drives into vehicles, while Ballard will continue to develop and manufacture fuel cells and electric drives for fuel cell vehicles. The reallocation of tasks will allow the alliance partners to focus on their respective areas of expertise.

Latest DAIMLERCHRYSLER CORPORATE Headlines

Latest Car News

All images courtesy of and copyright their respective manufacturers, unless otherwise indicated. They may not be reproduced or retransmitted in any way without the express written permission of their respective owners. All trademarks are the property of their respective owners. Model news and specifications are presented as provided by manufacturer, and do not necessarily reflect the opinions of DIGIADS. No warranty is made by DIGIADS with respect to the accuracy or timeliness of the information contained herein.
Copyright © 2000-2025 DIGIADS Australia All Rights Reserved. Contact Us
Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the DIGIADS Privacy Policy and User Agreement. 		Loading...