Bankrupt A123 Systems Settles on Reduced Claim of $15 Million With Fisker Automotive
As we reported before, there was a dispute in the amount of cash A123 Systems owed Fisker Automotive for breech-of-warranty claims and damages caused to the automaker by bankrupt A123′s ...
Fisker and A123 Systems Arguing it Out Over $16.1 Million Discrepancy…Or Accounting Error
For most automakers, $16.1 million is a drop in the bucket. It’s so minute that it could quite possibly go unnoticed. Or, if discovered, it gets put under the heading of ...
Newly Purchased A123 By No Longer Eligible For Rest Of $249 Million DoE Grant
A123 received a $249 million dollar grant as a part of a $2 billion stimulus initiative to promote domestic battery manufacturing. Under terms of the grant, A123 received a dollar ...
Wanxiang Takes Control Of A123. Again. As It Wins Bankruptcy Auction
Four months ago to the day (August 8th, 2012) A123 and Wanxiang agreed to a deal that would save the US battery maker, but have the Chinese part giant take over 80% for a total commitment ...
A123 Auction Underway As Four Bidders Emerge While Fisker Waits
At least four companies have qualified to bid on the assets of now bankrupt US battery maker A123, one of which is the somewhat-controversial Wanxiang Group Corp of China, whom some ...
A123 Defaults On Loan, Seeks Bankruptcy Protection
Battery maker A123 last night filed an SEC report stating that it expects to be in default under material debt agreements today. And as such, today A123 and its U.S. subsidiaries ...
