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Sale of bankrupt battery maker to Chinese feared
U.S. battery maker A123 Systems had won a federal grant, but now finds itself bankrupt and the target of a buyout by a Chinese competitor.
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**FILE** U.S. Energy Secretary Steven Chu (second from right) listens as Jason Forcier (right), vice president and general manager of A123 Systems, shows off a battery at their plant in Romulus, Mich., on July 18, 2011. Standing at left is A123 President and CEO David Vieau and Rep. John Dingell, Michigan Democrat. (Associated Press)
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