Obama-Backed Battery Maker Files for Bankruptcy

Stephen McGee for The New York Times Workers loaded finished batteries for 2013 all-electric vehicles in June at the A123 Systems plant in Livonia, Mich. An electric car battery maker that President Obama touted as part of a vanguard of a new American electric car industry has filed for bankruptcy and is selling its major assets, the company announced on Tuesday. A123 Systems, which produces lithium ion batteries for the electric car maker Fisker and the truck manufacturer Navistar, received a $249 million Department of Energy grant that was financed by Mr. Obama’s stimulus program. The company has been struggling as electric vehicles have failed to gain a foothold in the American domestic car market. Another battery maker that received federal support, Ener1, filed for bankruptcy earlier this year. The company’s troubles provide new ammunition for Mitt Romney, the Republi...

Full article: http://green.blogs.nytimes.com/2012/10/16/obama-backed-ba...

Tweets

@warrantyhq » 22 Oct '12, 7pm
With #A123 filing for bankruptcy, the future of electric #cars may be in jeopardy. [link]
@stephenmcgee » 19 Oct '12, 1am
Crazy when a positive story you #photograph reruns months later as a bankruptcy story. [link]
@WinstonLing » 17 Oct '12, 7am
Obama's artificial fake-economics: how come even with hundred of millions in federal subsidy, these green... [link]
@OneGreenTruth » 17 Oct '12, 12am
news update Obama-Backed Battery Maker Files for Bankruptcy - The company's troubles could provide new ammunition fo... [link]
@chrisk27 » 16 Oct '12, 10pm
Bad timing for tonight's debate... RT @KQEDscience: Obama-Backed Battery Maker Files for Bankruptcy [link] @nytimes
@bswalker1 » 16 Oct '12, 8pm
Political red meat for tonight's debate. NYTimes: Obama-Backed Battery Maker Files for Bankruptcy #privateequity [link]
@assouthall » 16 Oct '12, 5pm
Where is Rep. Issa?: A123 "Obama-Backed Battery Maker Files for Bankruptcy" [link]
@downtownwriter » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy - The company's troubles could provide new ammunition for Mitt Romne... [link]
@KendrickRobins » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy - New York Times (blog): Obama-Backed Battery Maker Files for Ba... [link]
@Jamisonic » 16 Oct '12, 5pm
A123 batteries: will no doubt be used as (political) fuel [link]
@PilarWormack » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy - New York Times (blog): Wall Street Journal (blog)Obama-Backed ... [link]
@lectricmagnetic » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: Filed under: Environment News [link]
@organiclifezone » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@EcoJive » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy [link] #eco #rt #np #oomf #rt #ff @EcoJive
@BodyMapr » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy [link] #Automobiles #greenbusiness
@GreenPicks » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy [link] #Green
@Colaboraenred » 16 Oct '12, 4pm
Obama-Backed Battery Maker Files for Bankruptcy [link]
@obamaupdates » 16 Oct '12, 5pm
[News] Obama-Backed Battery Maker Files for Bankruptcy - New York Times (blog): Obama-Backed Battery Maker Files... [link]
@rijantocom » 16 Oct '12, 5pm
Green Blog: Obama-Backed Battery Maker Files for Bankruptcy The company's troubles could provide new ammunition for... [link]
@WhiteHouse24x7 » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy - New York Times (blog) [link]
@GreenePlanet » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy - The company's troubles could provide new ammunition for Mitt Romne... [link]
» 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@NJGreenTech » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@amazondrops » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@LnSPA » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@aribra » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@TOgreenhouse » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@TGLI » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@homenewsDOTco » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for ... [link] #green
@nytimesfeed » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy [link]
@TrevorKagin » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy [link]
@eddiewashington » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@ramseytheresa » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy: The company's troubles could provide new ammunition for Mitt Ro... [link]
@bmw_free » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy [link]
@useitforever » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy [link]
@BobLalonde1 » 16 Oct '12, 5pm
Obama-Backed Battery Maker Files for Bankruptcy [link]