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    A123: It's Not China's Government That's The Problem

    China’s largest auto-parts maker just won the bidding for A123 Systems, the bankrupted electric car battery company. It’s time to back the car up and remember where the American taxpayer started with A123. A123 received a $249 million grant as part of the 2009 stimulus. By the time it went … More

    DOE Issues Nearly $1 Million to Ailing A123 on Day of Bankruptcy Filing

    The Department of Energy’s clean energy grant-making program delivered a reimbursement to ailing battery maker A123 approaching $1 million on the same day the company filed for bankruptcy, according to Reuters: The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after … More

    Another Green Failure: A123 Files for Bankruptcy

    A123, recipient of a $249 million Department of Energy manufacturing grant, warned of impending debt default and cash problems that forced the company to seek bankruptcy protection. With 14 straight quarterly losses–nearly $83 million in 2nd Quarter 2012 and $125 million in the previous quarter, on top of $258 million … More

    China's Wanxiang Poised to Take 80% Stake in DOE Grant Recipient A123

    A123, the U.S. manufacturer of green-tech batteries that received millions in government aid, today announced a “memorandum of understanding” between it and Chinese auto giant Wanxiang. It totals up to $450 million in a bailout of debt purchasing and other cash infusions that would grant Wanxiang 80 percent controlling interest … More