Topic - Wanxiang America Corp.

Subscribe to this topic via RSS or ATOM
Related Stories
  • Creditors ask for info on alleged tampering in A123 sale

    Milwaukee-based Johnson Controls recently lost out to a Chinese competitor in its bid for bankrupt high-tech battery-maker A123 Systems, but creditors are still demanding details about whether a secret Johnson-led lobbying campaign took place behind the scenes in Washington aimed at derailing the sale.

  • "Technology produced by A123 and funded by U.S. taxpayers should not simply be shipped off to China so that the military applications" can be reproduced abroad, said Sen. Chuck Grassley. (Associated Press)

    Foreign bids called critical to A123 sale

    The prospect of Massachusetts-based high-tech battery-maker A123 Systems landing in the hands of a Chinese competitor has angered some lawmakers, but a group of highly paid lawyers — including a former Senate staffer who earned more than $1,000 per-hour — kept the sale from falling apart amid mounting criticism on Capitol Hill.

  • **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)

    Chinese firm gets U.S. OK to take over troubled high-tech battery firm

    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.

  • 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.

More Stories →

Happening Now