A123 Systems IncEx-battery maker B456 wins court approval for bankruptcy plan 3:19 pm U.S. ET | May 20, 2013 B456 Systems, the bankrupt electric-car battery maker formerly called A123 Systems, won court approval of a plan to exit bankruptcy that pays creditors from the proceeds of selling virtually all its assets.... Read More »
DUSTIN WALSH A name change to 456 as easy as 123? Not quite 12:01 pm U.S. ET | April 23, 2013  On March 22, A123 Systems Incorporated became B456 Systems Incorporated. But confusion followed the announcement and continues to follow the battery maker in the wake of its bankruptcy.... Read More »
Former A123 battery maker's settlement with Fisker approved 12:19 pm U.S. ET | April 17, 2013 B456 Systems, the bankrupt electric-car battery maker formerly called A123 Systems, received approval of a settlement with Fisker Automotive, reducing its claims by 89 percent to $15 million.... Read More »
Fisker's job cuts fuel political debate on green energy projects 10:36 am U.S. ET | April 8, 2013  Fisker Automotive's dismissal last week of 75 percent of its employees, after it once received federal loans to build luxury plug-in cars, is adding to the political debate over the federal government's funding of clean-energy programs.... Read More »
Former A123 battery maker settles supply claim with FiskerApril 4, 2013 06:01 CET The bankrupt electric-car battery maker formerly called A123 Systems, renamed B456 Systems, reached a settlement in which Fisker Automotive reduced its claims by 89 percent to $15 million. The accord with the bankruptcy case's unsecured-creditors' committee will substantially cut Fisker's $140 million in claims stemming from a rejection of its supply agreement and alleged breach of warranty obligations, according to court documents filed Tuesday in Wilmington, Del.... Read More »
Former A123 battery maker settles supply claim with Fisker 5:19 pm U.S. ET | April 3, 2013 The bankrupt electric-car battery maker formerly called A123 Systems, renamed B456 Systems, reached a settlement in which Fisker Automotive reduced its claims by 89 percent to $15 million. The accord with the bankruptcy case's unsecured-creditors' committee will substantially cut Fisker's $140 million in claims stemming from a rejection of its supply agreement and alleged breach of warranty obligations, according to court documents filed Tuesday in Wilmington, Del.... Read More »
A123 wins court approval to seek creditors' vote on payment plan 6:34 pm U.S. ET | March 14, 2013  A123 Systems, the bankrupt former electric-car battery maker, won court approval to seek votes from creditors on its repayment plan.... Read More »
DAVE GUILFORD While U.S. shrugs, China sees gold in green tech 1:32 pm U.S. ET | March 14, 2013  I'm on the outside looking in, of course, but it's not real hard to figure out what's probably happening at Fisker Automotive. Co-founder Henrik Fisker quit his namesake company this week, citing disagreements with management.... Read More »
A123 says unsecured creditors to get 65% of claims 2:28 pm U.S. ET | Feb. 7, 2013  Unsecured creditors of A123 Systems, a bankrupt maker of batteries for electric cars that had federal government backing, will likely collect around 65 cents for each dollar they are owed, according to court documents.... Read More »
FINAL ASSEMBLY China said to set its sights on EV players 12:01 am U.S. ET | Feb. 4, 2013 China's official enthusiasm for electric vehicles has Chinese companies looking for acquisitions that could help feed the country's EV frenzy -- should it actually occur.... Read More »
Wanxiang interested in aiding Fisker after A123 purchase 8:04 am U.S. ET | Jan. 31, 2013 Chinese supplier Wanxiang Group, which just won approval to acquire battery maker A123 Systems, said it now wants to help support A123's main customer, Fisker Automotive, the financally troubled plug-in hybrid sports car maker.... Read More »
Fisker hires turnaround specialistJan. 30, 2013 06:01 CET  Fisker Automotive, the plug-in hybrid maker that's seeking a partner or a buyer, hired a turnaround special to help manage day-to-day operations during negotiations.... Read More »
Chinese firm wins A123 despite U.S. tech transfer fears 12:03 pm U.S. ET | Jan. 29, 2013  China's largest auto parts maker won federal government approval to buy A123 Systems, a bankrupt maker of electric car batteries that was funded with government money, the Chinese company said today.... Read More »
Johnson Controls appeals A123 bankruptcy sale to Wanxiang 3:44 pm U.S. ET | Dec. 17, 2012  Johnson Controls, the lead bidder at the auction for assets of bankrupt A123 Systems, said it is appealing the court decision that gave China's Wanxiang Group approval to buy most of the assets.... Read More »
Court OKs sale of U.S. government-backed A123 to Chinese firm 6:52 pm U.S. ET | Dec. 11, 2012 China's largest auto parts maker received court approval on Tuesday for its controversial purchase of A123 Systems Inc., a bankrupt maker of electric car batteries, but the judge said he was troubled that a U.S. rival might be working to kill the deal.... Read More »
Fisker won't restart production until A123 sale clears 6:35 pm U.S. ET | Dec. 11, 2012  The short-term future of Fisker Automotive could hinge on the outcome of Chinese auto parts maker Wanxiang's controversial quest to acquire bankrupt U.S. battery maker A123 Systems.... Read More »
JCI might still pursue A123 if Wanxiang bid is rejected 11:45 am U.S. ET | Dec. 11, 2012  A Johnson Controls executive said his company would still be interested in the automotive assets of bankrupt A123 Systems should a winning auction bid by China's Wanxiang Group be nullified by the United States.... Read More »
A123 will not get remaining portion of government grant, U.S. says 3:09 pm U.S. ET | Dec. 10, 2012 The federal Energy Department will not give battery maker A123 the remaining half of its $249 million grant, following the company's high profile bankruptcy and acquisition by a Chinese auto parts supplier, a department official said today.... Read More »
China's Wanxiang wins auction for U.S.-backed A123 8:32 pm U.S. ET | Dec. 8, 2012  China's largest maker of auto parts won a politically sensitive auction for A123 Systems, a bankrupt maker of batteries for electric cars that was funded partly with federal government money, the investment banker for A123 said on Saturday.... Read More »
A123 auction to kick off with at least four bids 2:34 pm U.S. ET | Dec. 6, 2012  A123 Systems, a bankrupt maker of batteries for electric cars, was expected to kick off its politically sensitive auction today pitting a United States bidder against at least three foreign rivals for a company that was partly funded with federal government money.... Read More »
A NEGATIVE CHARGE How government, industry created lithium ion battery overcapacity 12:01 am U.S. ET | Dec. 3, 2012  The drive to tool up lithium ion battery plants mixed environmentalism, national energy independence and a global race to dominate what seemed to be a coming boom. But in the excitement, boosters missed a key point: With gasoline prices below $4 a gallon, electric-drive vehicles were too expensive to attract mainstream car buyers. The gap between optimistic projections and marketplace results created what is, at least for now, a mess.... Read More »
U.S. launches new project to advance electric-vehicle batteries 2:25 pm U.S. ET | Nov. 30, 2012  The Obama administration launched a fresh $120-million research project Friday, aimed at developing cheaper batteries for electric vehicles, a sector that has faltered despite billions of dollars of prior government investment. The Energy Department will dole out the money over five years to establish a research hub for batteries and energy storage, backed by five national laboratories, five Midwestern universities and four private firms.... Read More »
China approves Wanxiang plan to buy bankrupt battery maker A123 11:47 pm U.S. ET | Nov. 29, 2012  China's government has approved a plan by Wanxiang Group, a major Chinese auto parts maker, to acquire bankrupt U.S. battery maker A123 Systems, although a deal still hinges on the outcome of an auction next month and U.S. government approval.... Read More »
U.S. says A123 sale requires its consent 10:28 pm U.S. ET | Nov. 28, 2012  The U.S. government said bankrupt A123 Systems Inc. cannot be sold without its consent because the battery maker received a $249 million grant from the Energy Department, according to court documents.... Read More »
U.S. gave A123 $1 million as it filed bankruptcy 1:11 pm U.S. ET | Nov. 16, 2012  The Obama administration provided struggling battery maker A123 Systems with nearly $1 million on the day it filed for bankruptcy, the company told lawmakers investigating its government grant.... Read More »
|
Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
- ALL POSITIONS
Don Davis Dealerships, Inc. -- Lake Jackson, Texas, United States - Service Manager
Performance Toyota -- Memphis, Tennessee, United States
News by Brand
