A123 Systems posts $125 million net loss
As you may recall, A123 Systems provides battery packs for companies like Fisker. The extended-range EV manufacturer recently reported issues with the supplier's products, but A123 says it has determined the cause of the defective cells and is working to make sure the failures don't reoccur.
The report also suggests A123 Systems will lower its revenue forecast for the year to $145 million to $175 million. The company originally projected it would generate between $230 million and $300 million.
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