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The Washington Free Beacon 3/28/2013 After bankruptcy, a buyout by a Chinese firm, and more than a hundred million dollars in taxpayer money, the lithium-ion battery maker A123 Systems, Inc., is getting a new name: B456 Systems, Inc. A123, which produces batteries used in electric cars, has changed its name to B456, the company announced […] March 28th, 2013 | Tags: "green subsidies", A123 Systems, B456 Systems, bankruptcy, Fisker Automotive, lithium ion batteries, Wanxiang | Category: China, Department of Energy, federal funding | Comments are closed
The Washington Free Beacon 1/2/2013 The bankrupt electric car battery manufacturer A123 Systems Inc. is looking to hire a lobbying firm to protect the company’s sale to China’s Wanxiang Group, according to Dow Jones… …A123 Systems filed for bankruptcy in October after receiving $133 million of a nearly $250 million grant from the federal government. […] January 2nd, 2013 | Tags: "green subsidies", A123 Systems, Capitol Counsel LLC, Committee on Foreign Investment in the United States, Johnson Controls, Sen. Chuck Grassley, Sen. John Thune, Treasury Secretary Timothy Geithner, Wanxiang Group Corp., wind farms | Category: Barack Obama, China, Congress, Energy, Federal spending, lobbyists, Taxes | Comments are closed
“The work you’re doing will help power the American economy for years to come.” — President Obama in a Sept. 13, 2010 phone call to battery maker A123 Systems, congratulating the firm on using the bulk of a $249 million government grant to open new facilities in Michigan.
Chris Stirewalt […] December 10th, 2012 | Tags: 'green' technology, "green jobs", A123 Systems, AIG, bankruptcy, class warfare, lithium ion batteries, Wanxiang Group Corp. | Category: "Stimulus" program, Barack Obama, China, Economy, Energy, Massachusetts, Michigan, Missouri, Taxes, Treasury Department | Comments are closed
Steve Rousseau Popular Mechanics 11/30/2012 California-based Fisker Automotive has halted production of its plug-in hybrid Karma luxury sedan after battery provider A123 filed for Chapter 11 bankruptcy last month. The automaker says it is suspending production until a buyer is found for the failed battery manufacturer. The news, first reported by Bloomberg yesterday, is yet […] December 1st, 2012 | Tags: 'green' technology, "green jobs", "green subsidies", A123 Systems, bankruptcy, Fisker Automotive, Fisker Karma plug-in hybrid car, Hurricane Sandy, JCI Industries, lithium ion batteries, Wangxing Group | Category: California, China, Department of Energy, Europe, Federal spending, New York | Comments are closed
Doug Powers MichelleMalkin.com 11/16/2012 Last month Michelle wrote about A123 Systems declaring bankruptcy. A123 was one of the many “clean energy grant” recipients that ended up going under and taking a pile of taxpayer cash with it — a pile that was made even bigger on its final day. In a demonstration of the kind […] November 16th, 2012 | Tags: "green subsidies", A123 Systems, Sen. Chuck Grassley, Sen. John Thune, solar power, SolarWorld, Suntech Power, Wanxiang Group Corp. | Category: Barack Obama, Department of Energy, Energy, Germany, Taxes, technology | Comments are closed
Justin Hyde Motoramic Yahoo! Autos 10/16/2012 No company has embodied Washington’s hope for an American-built electric vehicle business like A123 Systems. The Massachusetts-based company was supposed to become the leading home-grown supplier of lithium-ion batteries for automakers in the United States and around the world — fueled in part by a $249 million grant from […] October 18th, 2012 | Tags: 'green' technology, A123 Systems, bankruptcy, David Prystash, David Vieau, electric cars, Energy Secretary Stephen Chu, Fisker Karma plug-in hybrid car, Gov. Jennifer Granholm, Jason Forcier, Johnson Controls, Judge Kevin Carey, lithium ion batteries, Rep. Edward Markey, Robert Johnson, Sen. John Kerry, South Korea, The American Recovery and Reinvestment Act of 2009, Wanxiang Group Corp. | Category: "Stimulus" program, Barack Obama, China, Delaware, Department of Energy, Energy, Federal spending, Massachusetts, Michigan, Taxes | Comments are closed
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