Did A123 Systems get $1M federal check the same day it declared bankruptcy?
Republican Senators John Thune and Chuck Grassley wasted no time blasting the disbursement check as careless spending. The two issued a statement saying, "The Department of Energy needs to answer for why it appears to put federal grants on auto-pilot to the detriment of US taxpayers. This can't stand."
The Department of Energy, meanwhile, responded by saying the grant program requires companies to submit invoices detailing their progress toward predetermined goals before any funds can be issued.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models