Organization: Ford Motor Co

The Short Report, October 30, 2019: Bad loans, rocket propulsion, population growth

The Atlantic Canada Opportunities Agency (ACOA) is contending with defaulted loans worth $43.2 million dollars, comprising more than 10% of the federal agency’s $422.9-million portfolio. By comparison, only 3.3 per cent of the loans given out by the Business Development Bank of Canada were impaired as of March 31. – Financial Post University of Toronto’s seed-stage accelerator…

Ford hires Blackberry engineers and opens Ottawa R&D centre

The Ford Motor Co, Dearborn MI, is hiring 400 engineers from Blackberry Ltd as part of a formal partnership struck last October to boost its expertise in automotive connectivity and mobility underpinning self-driving vehicles. The agreement will see the automaker establish a Research and Engineering Centre in Ottawa — home to Blackberry’s QNX division —…

Ford signs on as GreenCentre Canada industry partner

The Ford Motor Co, Dearborn MI, has become the eighth industrial sponsor of Kingston ON-based GreenCentre Canada (GCC). A Centre of Excellence for Commercialization and Research (CECR), GCC works with industry and university researchers to develop green chemistry solutions to help reduce environmental pollution. Ford has already taken several steps to reduce its environmental footprint…

Ballard sells automotive assets to Ford and Daimler

Ballard Power Systems Inc is exiting the automotive fuel cells business with the sale of its automotive-related assets to Ford Motor Co and Daimler AG for between $95 million and $105 million. The move is expected to reduce the Burnaby BC-based company’s R&D burn rate by $15 million annually as it shifts focus to other…

Ford hybrid vehicles focus of fuel cells demo project

The Ford Motor Co is providing five hybrid fuel cell-electric vehicles that will be tested over a five-year period as part of the Vancouver Fuel Cell Vehicle Program. The cars will be outfitted with fuel cell engines and drive motors developed by Ballard Power Systems, Vancouver, and compressed hydrogen storage tanks from Dynetek Industries Ltd,…