Azure Dynamics Corporation is incorporated under the laws of Alberta, Canada having been spun out of BC Research Inc. Azure now is headquartered in Oak Park, Michigan, a suburb of Detroit. The company's principal business is in the development and integration of its proprietary electric and hybrid electric drive technology, primarily for the light and heavy duty commercial vehicle categories.
Due to financial difficulties, Azure filed for bankruptcy protection in the Supreme Court of British Columbia in March 2012, and production of the Transit Connect Electric van and Balance hybrid was stopped.
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