4 days ago
A Delaware bankruptcy judge has given final approval to the reorganization plan of failed battery maker A123 Systems Inc., which was the recipient of a $249 million Department of Energy grant.
115 days ago
Some members of Congress also opposed the sale to Wanxiang, even though A123's defense-related business assets are being sold separately for $2.25 million to Navitas Systems of Woodridge, Illinois.
164 days ago
Based in Waltham, Mass., A123 makes lithium-ion batteries for electric cars,
166 days ago
The Justice Department has said A123 needs the government's consent to sell its assets, maintaining in Bankruptcy Court that any sale must protect the government's interests because of the 2009...
174 days ago
China has approved a proposal by auto parts conglomerate Wanxiang Group Corp. to purchase the assets of bankrupt U.S. battery maker A123 Systems.
177 days ago
A123, which makes lithium ion batteries for electric cars, grid storage and commercial and military applications, is in the process of selling its assets.
179 days ago
A123, which makes lithium ion batteries for electric cars, sought bankruptcy protection last month after receiving more than $130 million of a $249 million Department of Energy grant it was awarded.