Topic - A123 Systems Inc.

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  • Jason Forcier (right), vice president and general manager of A123 Systems Inc., shows off a lithium-ion battery at a plant in Romulus, Mich., in 2011 to (from left) A123 President and CEO David Vieau, Rep. John D. Dingell, Michigan Democrat, and Energy Secretary Steven Chu. Now in bankruptcy, the pending sale of A123 to a China-based company has vendors and stockholders trying to recoup some of they money they have lost. (Associated Press)

    Lobbyists work both sides on A123 sale

    Lobbyists are swarming on both sides of the pending sale of a U.S. battery-maker backed by more than $100 million in federal grants that soon could be in the hands of a Chinese competitor.

  • ** FILE ** An A123 Systems Inc. logo is shown in Livonia, Mich., in 2009. (Associated Press)

    Creditors want help with A123 sale to Chinese

    Creditors of a bankrupt U.S. battery maker that went broke after winning a multimillion-dollar federal grant want permission to hire a lobbying firm to keep the proposed sale of the company to a Chinese competitor on track.

  • ** FILE ** An A123 Systems Inc. logo is shown in Livonia, Mich., in 2009. (Associated Press)

    Chinese firm gets OK to buy A123’s assets

    A judge approved a deal Tuesday for a Chinese company to buy the assets of a bankrupt U.S. battery maker that won a quarter-billion-dollar grant from the federal government just three years ago.

  • **FILE** An A123 Systems Inc. logo is seen Aug. 6, 2010, in Livonia, Mich. (Associated Press)

    Taxpayer losses in bankruptcy of A123 queried

    Two senior Republican senators called on the Department of Energy to explain whether the bankruptcy filing Tuesday by an electric car battery maker, A123 Systems Inc., which was awarded nearly $250 million in government stimulus grants, will result in any taxpayers losses.

  • Stimulus-funded battery maker’s failure another blow to Obama clean-energy plan

    The bankruptcy filing Tuesday by a startup electric-car battery company that received hundreds of millions of dollars of economic-stimulus funds from the Obama administration is the latest sign that the president's high hopes to spur a clean-energy economy is in big trouble.

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