Meltdown of Subsidized Battery Maker Zaps Obama Detroit Visit

“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 […]

Fisker Suspends Production of the Karma

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 […]

Battery builder A123 Systems that won $249 million federal grant files for bankruptcy

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 […]

In second term, Obama will allow UN to tax Americans

Dick Morris FoxNews.com 10/8/2012

It should come as no surprise that President Obama will raise taxes if he is re-elected. But here’s the shocker: He will invite the United Nations to tax Americans directly. And the proceeds would go directly to the Third World. In this way, Barack Obama will, indeed, realize the dreams of […]

Another Green Energy Company Going Down?

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 […]

Solyndra Not Dealing With Toxic Waste At Milpitas Facility

CBS News San Francisco 4/28/2012

MILPITAS (CBS 5) — Three months ago, CBS 5 caught Solyndra tossing millions of dollars worth of brand new glass tubes used to make solar panels. Now the bankrupt solar firm, once touted as a symbol of green technology, may be trying to abandon toxic waste.

It’s a tedious process. […]