'Your papers, please' must never be heard in America
The federal government approved a deal allowing a U.S. battery maker backed with tens of millions of dollars from the federal stimulus program to be purchased by a Chinese competitor, officials announced Tuesday.
"The future is bright for A123," he said. "It is a company with exceptional talent and potential, and Wanxiang America is committed to its long term success and the continuance of its U.S. operations."
Chinese firm gets U.S. OK to take over troubled high-tech battery firm →
"We're pleased the government has completed its review and provided us with the go-ahead to finalize this transaction," Pin Ni, president of Wanxiang America, said in a statement Tuesday.
Chinese firm gets U.S. OK to take over troubled high-tech battery firm →
