Beleaguered battery maker A123 snapped up by Wanxiang Group
Published: Wednesday, 12 December 2012
Government contracted business to remain in the US; price tag lower than bailout
bailed out and beleaguered US lithium-ion battery maker
A123 Systems is to be sold to the US arm of Chinese battery
and auto parts maker Wanxiang Group for $256.6m.
The government-related parts of A123 will not be sold to
China but instead to Navitas Systems, an Illinois, US,...