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)
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)
**FILE** A123 Systems President and CEO David Vieau addresses the media July 18, 2011, in Romulus, Mich. (Associated Press)
A123 Systems President and CEO David Vieau addresses the media in Romulus, Mich., Monday, July 18, 2011. (AP Photo/Carlos Osorio)
**FILE** A123 Systems President and CEO David Vieau addresses the media July 18, 2011, in Romulus, Mich. (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)
In this April 30, 2010, file photo, from right, A123 Systems, President and Chief Executive Officer David Vieau, A123 Systems electrical engineer James Fenton and A123 Systems design engineer Antonio Biundo, stand next to President Barack Obama, as he speaks in the Rose Garden of the White House in Washington. Short of cash and hurting from slow sales of electric cars, battery maker A123 Systems Inc. sent its U.S. operations into bankruptcy protection on Tuesday, Oct. 16, 2012, and quickly sold its automotive assets. The filing is likely to stoke the debate in Washington over the Obama administrationÃs funding of alternative energy companies. In 2009, A123 got a $249 million Department of Energy grant to help it build U.S. factories. Republicans have accused Obama of wasting stimulus money on the companies after the failure of politically connected and now-bankrupt solar power company Solyndra LLC, which left taxpayers on the hook for $528 million. (AP Photo/Haraz N. Ghanbari, File)
From right, A123 Systems Inc. Chief Executive Officer David Vieau, A123 electrical engineer James Fenton and company design engineer Antonio Biundo listen to President Obama at the White House on April 30, 2010. Short of cash and hurting from slow sales of electric cars, A123 filed for Chapter 11 bankruptcy protection on Tuesday. The bankruptcy filing is likely to stoke the debate in Washington over the Obama administration’s funding of numerous alternative-energy ventures. (Associated Press)
From right, A123 Systems Inc. Chief Executive Officer David Vieau, A123 electrical engineer James Fenton and company design engineer Antonio Biundo listen to President Obama at the White House on April 30, 2010. Short of cash and hurting from slow sales of electric cars, A123 filed for Chapter 11 bankruptcy protection on Tuesday. The bankruptcy filing is likely to stoke the debate in Washington over the Obama administration’s funding of numerous alternative-energy ventures. (Associated Press)
