The Washington Times

U.S. wary of Chinese bidder for bankrupt battery maker

Green grantee also is defense contractor

  • **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)**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)
  • **FILE** A123 Systems President and CEO David Vieau addresses the media July 18, 2011, in Romulus, Mich. (Associated Press)**FILE** A123 Systems President and CEO David Vieau addresses the media July 18, 2011, in Romulus, Mich. (Associated Press)
  • **FILE** President Bush (center) listens to Dave Vieau (right), president and CEO of A123 Systems, as he is shown a Toyota Prius plug-in hybrid car utilizing a lithium power battery during a demonstration of alternative fuel automobiles on the South Lawn of the White House in Washington on Feb. 23, 2007. At left is Energy Secretary Sam Bodman. (Associated Press)**FILE** President Bush (center) listens to Dave Vieau (right), president and CEO of A123 Systems, as he is shown a Toyota Prius plug-in hybrid car utilizing a lithium power battery during a demonstration of alternative fuel automobiles on the South Lawn of the White House in Washington on Feb. 23, 2007. At left is Energy Secretary Sam Bodman. (Associated Press)
  • ** FILE ** An A123 Systems Inc. logo is shown in Livonia, Mich., in 2009. (Associated Press)** FILE ** An A123 Systems Inc. logo is shown in Livonia, Mich., in 2009. (Associated Press)
  • **FILE** A123 Systems Inc. high power Nanophospate Lithium Ion Cell for Hybrid Electric Vehicles batteries are shown Aug. 6, 2009 in Livonia, Mich. (Associated Press)**FILE** A123 Systems Inc. high power Nanophospate Lithium Ion Cell for Hybrid Electric Vehicles batteries are shown Aug. 6, 2009 in Livonia, Mich. (Associated Press)
  • **FILE** President Obama, accompanied by business people, speaks in the Rose Garden of the White House in Washington on April 30, 2010. (Associated Press)**FILE** President Obama, accompanied by business people, speaks in the Rose Garden of the White House in Washington on April 30, 2010. (Associated Press)

The developments reflect the company’s fast fall from prominence. In 2010, the company’s president, David Vieau, predicted “thousands of jobs” in the greater Detroit area.

The Washington Times reported in October, however, that federal job-tracking figures show that just a few hundred jobs were created before A123 joined a growing list of energy companies that received lots of federal money only to end up in bankruptcy.

According to federal records, slightly more than 400 jobs were created, though Energy Department officials said the government job-tracking data didn’t include many other positions that were created.

In the wake of the company’s bankruptcy this year, Mr. Thune and Mr. Grassley raised questions in a letter to the Energy Department about whether federal officials knew the company was in trouble.

A123 has been struggling for some time,” they wrote. “Was the company struggling when the Energy Department decided to award it a federal grant?”

© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
You Might Also Like
  • IRS official Lois Lerner is sworn in on Capitol Hill in Washington on May 22, 2013, before the House Oversight Committee hearing to investigate the extra scrutiny IRS gave to tea party and other conservative groups that applied for tax-exempt status. Lerner told the committee she did nothing wrong and then invoked her constitutional right to not answer lawmakers' questions. (Associated Press)

    Answers on IRS only raise more questions and calls for a special investigation

  • House Speaker John Boehner, Ohio Republican, listens to a reporter's question during a news conference on Capitol Hill in Washington on May 23, 2013. (Associated Press)

    Boehner: House won’t pass Senate immigration bill

  • Boy Scouts vote to allow gay members, but not gay adults

  • Celebrities In The News
  • Backstreet Boys singer-songwriter Nick Carter has written the memoir "Facing the Music and Living to Talk About It." (AP Photo/Bird Street Books)

    Nick Carter: Backstreet Boy pens memoir

  • Debbie Reynolds: We all knew Liberace was gay

  • "Glee" star Lea Michele attends the Fox Network 2013 Upfront party at Wollman Rink in Central Park in New York on Monday, May 13, 2013. (Evan Agostini/Invision/AP)

    Lea Michele: ‘Glee’ star has book scheduled for 2014

      • Independent voices from the TWT Communities

        Media Migraine

        First over-the-counter column approved for fast and effective relief from even your worst media-induced headache.

        In My Orbit

        Opinion, analysis, and musings on politics, pop culture, reinvention, and the resultant flotsam and jetsam floating around the right-of-center quadrant of the Left Coast.

        Sightseers' Delight

        Consummate traveler Todd DeFeo explores the unique stories that make destinations worth going to.

        The Editors Say

        We welcome you to the intimate and personal thoughts on the news and events we, as editors, watch, read, and discuss with our writers every day.