Organization: Daimler-Chrysler AG

Ballard adjusts alliance with Ford and Daimler-Chrysler

Ballard Power Systems Inc, Vancouver, has re-negotiated its collaborative agreement with Ford Motor Co Ltd and Daimler-Chrysler AG. A new memorandum of understanding (MOU) will trigger $58 million in new cash from the automakers while Ballard will relinquish ownership in the jointly held German-based Ballard AG vehicular fuel cell business . The move marks a…