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Wall Street Journal
May 21
Comment
A bankruptcy-court judge approved the liquidation plan of the failed lithium-ion battery maker once known as A123 Systems Inc. that divvies up the proceeds from the sale of the company's assets to a unit of China's Wanxiang Group.
Forbes
Mar 28
Comment
It’s not April Fool’s Day, but A123 Systems has a sense of humor. They changed their name to B456. A B456 is a fire extinguisher.
Wall Street Journal
Mar 7
Comment
Michigan argued in a filing with a federal bankruptcy court that state tax credits assigned to advanced battery maker A123 Systems could not be transferred to its new owner, a Chinese auto parts maker.
Reuters
Feb 7
Comment
Unsecured creditors of A123 Systems Inc, a
bankrupt maker of batteries for electric cars that had U.S.
government backing, will likely collect around 65 cents for each
dollar they...
Benzinga
Jan 30
Comment
A123 Systems (OTC: AONE) today announced that pursuant to the terms of the previously announced asset purchase agreements with Wanxiang America Corporation ("Wanxiang") and Navitas Systems LLC ("Navitas"), the company has completed the sale of...
BBC News
Jan 30
Comment
China's Wanxiang wins US approval to buy battery maker A123 Systems, despite fears over the transfer of technology to foreign firms.
Wall Street Journal
Jan 29
Comment
A U.S. government panel has approved Wanxiang Group's purchase of U.S.-backed battery maker A123 Systems.
Wall Street Journal
Dec 12
Comment
Over at Bankruptcy Beat, colleague Patrick Fitzgerald has a post about how a team of lawyers fed themselves during the late-night end of the bankruptcy auction for A123 Systems: $175 worth of McDonald's:
Wall Street Journal
Dec 12
Comment
A federal judge approved the sale of A123 Systems, the government-backed battery maker that has yet to turn a profit, to China's Wanxiang America for $256.6 million. Attention now shifts to Washington, where the government is reviewing the sale of...
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