Wanxiang Group’s purchase of A123 Systems Inc. has been approved by the U.S. government, despite concerns of sensitive technology being transferred to China.
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Bankrupt battery manufacturer A123 Systems expects its sale to Chinese firm Wangxiang to be complete in a little over a week.
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Johnson Controls, the sole American bidder to U.S. battery maker A123, is appealing the company’s sale to Chinese firm Wanxiang Group.
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For the last six months, Fisker hasn’t built a single car, and the American electric automaker doesn’t plan to until the sale of battery supplier A123 goes through.
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A year riddled with controversy for electric cars is winding down, but not without at least one more flare up — Chinese firm Wanxiang Group won the bidding war for A123 Systems.
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Remora fish survive by attaching to sharks. Barnacle cling to boats and big rocks. Now, Fisker Automotive is planning similar tactics with a larger automaker.
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Bankrupt battery maker A123 Systems was scheduled to go up for auction today behind closed doors at a Chicago law firm, but the list of bidders is likely to cause trouble.
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Presidential candidate Mitt Romney isn’t the only one that’s skeptical about electric vehicles and their development. At an industry panel in New York, executives expressed their criticisms of the electric vehicle market as automakers have quietly shelved strong pushes towards developing EVs.
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Battery manufacturer A123 Systems introduced a new technology today it calls Nanophosphate EXT, which could be a game changer in the hybrid and electric vehicle segments.
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Yesterday, an explosion was reported at the General Motors Technical Center in Warren, Michigan and early reports had one or two people injured. An official statement was released by GM that five people were injured, one seriously. “We are aware of five employees being evaluated on scene by medical personal and only one employee is...
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Start-ups are inherently risky and while many bright-eyed visionaries initially display great potential, up to fifty percent of new enterprises run out of money. Unfortunately, Waltham-based A123 Systems Inc. are at risk of becoming a statistic. Earlier this month, Consumer Reports reported that a brand-new Fisker Karma plug-in hybrid electric vehicle with less than 200...
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With all the news buzzing around the Fisker Karma and its Consumer Reports fiasco, the American electric vehicle manufacturer finally spoke on the issue. But first, its battery supplier, A123 Systems admitted that it supplied Fisker with defective battery packs and has taken the blame for the notorious glitch on the Consumer Reports’ Fisker Karma. A123...
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Earlier this month, electric car manufacturer Fisker Automotive laid off around 65 workers and it became public knowledge that they were renegotiating loan details with the US Department of Energy. Now analysts (or at least one analyst) are predicting the inevitable death of Fisker as a company, especially since Fisker apparently did not meet certain...
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In a very ironic story, battery maker A123 Systems Inc. has admitted to a potential safety issue in batteries it supplies to Fisker Automotive. What’s the irony in that? Well, General Motors, which is currently dealing with a fire safety issue of their own with their Chevy Volt, will be turning to A123 Systems’ batteries...
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