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 [...]
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 [...]
Eric Odom Liberty News Network 19 June 2012
A123 Systems is the name of the company. Yes, it got “stimulus” money. No, it is not at all going swell.
The article continues at Liberty News Network.
Related: 10 Big Companies That are at Risk of Bankruptcy
Update: DOE Sent Confidential Information to Loan Guarantee [...]
Obama hasn’t a leg to stand on. But that doesn’t stop him from claiming that government is the answer to this made up problem.
Bruce McQuain Conservative Commune 4/18/2012
I could pretty much stop there and say the title tells you the story. Obama knows high gas prices are not good for his [...]
Jim Geraghty National Review Online 3/29/2012
Another stimulus success story – well, success for Democratic lawmakers and a company that received millions in federal funds – not a victory for the taxpayer, laid-off workers, or the customers who will probably never purchase the product of the rapidly sinking company.
A Waltham-based electric car battery supplier [...]