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By Tammy Bruce
Topic - Alex Molinaroli
An American company that lost out in its bid for the assets of a failed, federally backed battery maker is appealing a judge's decision last week selling the company to a Chinese competitor.
"Should the sale of A123 Systems to Wanxiang not be completed for any reason, Johnson Controls remains open to considering future opportunities to acquire relevant portions of A123's assets, keeping this critically important technology in the United States, preserving jobs and furthering the purpose of the American Reinvestment and Recovery Act," said Johnson Controls' President Alex Molinaroli.