Ballard Power Systems has reached an agreement to sell their electric drive operations to Siemens VDO. Ballard indicated back in October their intention to get out of that business and focus on fuel cells. Apparently motor operations were causing a financial drain on the company of about $10 million a year. Ballard will be netting about $4 million for the sale and plans to continue working with Siemens on future fuel cell development programs.

[Source: Ballard Power Systems]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X