Embattled DOE-Grant Recipient Changes Name from A123 to B456

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 […]

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 […]

Another Obama-funded electric car goes up in flames, endangers entire neighborhood with massive blaze

Doug Ross Director Blue 8/12/2012

Fisker Automotive, which absconded with $530 million of your money to build $100,000 electric cars in Finland, has encountered a series of all-too-predictable disasters.

First came word that under certain random circumstances, such as letting the battery run down, the entire vehicle could become “bricked” — or permanently ruined…

…Yesterday, […]

Taxpayer-funded A123 Green Energy Company Handed to Chinese

Lindsay Leveen Breitbart.com Big Government 8 Aug 2012

A 123 Systems, the “green,” federal stimulus-funded lithium ion battery manufacturer, announced atrocious quarterly results today. Most expected that A 123‘s results would be dark red. What was a surprise was the simultaneous announcement that the company had entered into a memorandum of understanding (MOU) with a […]

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