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Machines are used to fabricate batteries at the A123 Systems lithium ion automotive battery manufacturing plant in Livonia, Michigan. A123, the recipient of a $249 million federal grant, said that it scrapped the previous agreement with Wanxiang as it filed for bankruptcy protection and agreed to sell its automotive business assets to Johnson Controls.

Photographer: Jeffrey Sauger/Bloomberg

Machines are used to fabricate batteries at the A123 Systems lithium ion automotive battery manufacturing plant in Livonia, Michigan. A123, the recipient of a $249 million federal grant, said that it scrapped the previous agreement with Wanxiang as it filed for bankruptcy protection and agreed to sell its automotive business assets to Johnson Controls.
October 17, 2012
Article
Chinese Company May Still Pursue A123 After Bankruptcy
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