It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
A123 Systems becomes America's latest EV battery maker to file for bankruptcy A123 Systems becomes America's latest EV battery maker to file for bankruptcy
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


A123 Systems becomes America's latest EV battery maker to file for bankruptcy
Reply
 
Thread Tools
Old 18th October 2012, 07:51   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 43,833
Stefan Mileschin Freshly Registered
Default A123 Systems becomes America's latest EV battery maker to file for bankruptcy

Having been riddled with setbacks, including a major recall of faulty batteries supplied to Fisker Automotive, Michigan's favorite EV battery maker A123 Systems has filed for bankruptcy. It has also announced the sale of its main business units to rival Johnson Controls in a deal pegged at $125 million -- a sad fraction of the billion dollars it raised since it launched in 2001 (not least from government grants). It seems that neither fresh lithium ion innovations nor a potential deal with Chinese investors were able to keep the company out of the red, which leaves A123 on the road to nowhere -- right behind that other DoE-sponsored hopeful, Ener1.

http://www.engadget.com/2012/10/17/a...ms-bankruptcy/
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Silent PC Maker Builds Utterly Quiet Xbox 360 Game Systems jmke WebNews 0 19th February 2009 21:20
Nortel files for bankruptcy jmke WebNews 1 15th January 2009 17:16
File Systems - Which Need Defragmenting? Sidney WebNews 0 3rd December 2007 01:53
File Systems Quiz Sidney WebNews 0 29th November 2007 16:00
Mac latest file system ZFS vastly superior to NTFS jmke WebNews 2 9th June 2007 10:09
America's Army Tweak Guide Sidney WebNews 0 11th February 2006 23:48
America's Army v2.2.1 Patch, Screens/Movie: Spider-Man 2 DS, Obscure: Learn about Fea StaRflaM WebNews 0 19th November 2004 17:24

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 18:51.


Powered by vBulletin® - Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO