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a123 systems

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    Report: Bankrupt A123 changes name to B456 PDQ
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    Ok, so we made the "PDQ" part up, but battery maker A123 Systems, Inc. has changed its name to B456 Systems, Inc. – and no, this is not an early April Fool's Day joke. As part of A123's bankruptcy proceedings dating to last October, it was required to change its name in order to be ...

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    Can the Chinese rescue Fisker?
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    Fisker Automotive is aggressively courting Chinese automakers to bail it out of its financial problems. Executives with knowledge of the discussions told Autoblog that Fisker representatives have made recent trips to China to discuss deals that include capital investment and outright acquisition ...

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    Report: China's Wanxiang looking to diffuse political fears over A123 purchase
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    Wanxiang Group has insisted A123 Systems will remain an American company operationally following intense scrutiny from US lawmakers. China's largest parts manufacturer purchased A123 Systems at auction after the company fell into insolvency, but the battery maker holds a number of defense ...

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    Report: A123 winning bid from China's Wanxiang prompts concern in Congress
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    The Detroit News reports that China's Wanxiang Group Corporation will acquire almost all of bankrupt A123 Systems Inc. for $256 million. The deal includes all of the American battery manufacturer's grid and commercial business assets as well as the company's facilities in Michigan, Massachusetts ...

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    Report: Fisker seeks financial partner after "tough year"
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    After facing what could be charitably described as a terrible year, Fisker founder and Chairman Henrik Fisker admitted in a recent interview that his company is "actively engaged in conversations with potential strategic partners." Speaking with TheDetroitBureau.com, Fisker went on to say that ...

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    Report: Did A123 Systems get $1M federal check the same day it declared bankruptcy?
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    Automotive News reports A123 Systems, an electric vehicle battery manufacturer, received a disbursement check from the federal government on the same day the company filed for bankruptcy. On Oct. 16, A123 received $946,830 as the latest portion of a clean energy grant from the US Department of ...

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    Report: Bailout and gas prices hot buttons in Presidential debate
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    The pros and cons of the auto bailout and concerns about the rising price of gasoline have been a political football throughout this election season. So, it should come as no surprise that the auto industry was brought up more than a few times in last night's heated presidential debate. Roughly ...

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    Report: Battery maker A123 systems defaults on loan, files for bankruptcy
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    After a long and bumpy road, battery-producer A123 Systems has officially filed for bankruptcy. This news comes immediately after word that the Waltham, Massachusetts-based company may not have enough cash to fund operations, or even seek bankruptcy protection. This news has ramifications ...

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    Report: Fisker loan spurs more questions from senators
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    Um, about that $337 million. Fisker Automotive and its pending federal government loan has spurred a letter from two U.S. senators to Energy Secretary Steven Chu questioning the appropriateness of the loan, The Detroit News reports. In their letter to Chu, senators John Thune (R-South Dakota) ...

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    Report: A123 Systems posts $125 million net loss
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    The Detroit News reports lithium-ion battery manufacturer A123 Systems is set to post a net loss of $125 million on revenue of $10.9 million for the first quarter of 2012. Official results will be released later this week. The loss includes $51.6 million tied to replacing battery packs produced at ...

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    Report: Fisker may change plans on Delaware production, details Karma troubles
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    Fisker Automotive may drop plans to use a Delaware factory to build its upcoming Atlantic sedan and is looking at "other options," Automotive News reports, citing an interview with company CEO Tom LaSorda. The company, in an online meeting with owners of the Fisker Karma extended-range plug-in ...

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    Report: A123 confirms Fisker Karma batteries could have cooling problem
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    Battery maker A123 has announced that batteries it supplied to Fisker Automotive for its Karma range-extended luxury sedan might have "misaligned" hose clamps for the cooling system, which could cause coolant to leak. Unabated, A123 admits the leak could cause an electrical ...

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    Ironic legislation: CARB ruling to kill aftermarket plug-in hybrids?
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    The uncertain future of the alternative-powered and alternative-fueled vehicle is being decided by a confluence of old and new technology, big business and start-ups, marketing, vested interests, and public perception. It is no surprise, then, that when it comes to government regulation, we are ...

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    General Motors accelerates battery development with A123 Systems
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    Bob Lutz and A123 CEO Dave Vieau var digg_url = 'http://digg.com/hardware/General_Motors_appoints_A123_as_top_tier_lithium_ion_battery_supplier'; This morning at the Management Briefing Seminars in Traverse City, MI, General Motors Vice-Chairman Bob Lutz announced that they were promoting battery ...

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