DaimlerChrysler and Ford Acquire Fuel Cell Unit from Ballard.
DaimlerChrysler AG and Ford Motor Company will acquire Ballard Power System's transportation fuel cell unit, Ballard AG (formerly XCELLSIS), and will be jointly responsible for the research, development, and manufacturing of the vehicular fuel cell systems, which include all the components other than the fuel cell itself. Ballard, meanwhile, will work on developing the next-generation electric drive system and the next two generations of fuel cells, for which it will receive up to $58 million in funding from DaimlerChrysler and Ford.