Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen...

Wanxiang to Bid on Bankrupt A123

Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen...

A123 may have declared in its bankruptcy filing this week that it has chosen U.S.–based Johnson Controls, rather than Chinese rescuer Wanxiang, as the preferred bidder for its automotive battery business. But that doesn’t mean that Wanxiang is letting go of its $465 million bid to buy A123 outright . That’s the upshot of a Thursday appearance by Wanxiang North American operations head Pin Ni in the federal bankruptcy court in Delaware that’s going to arrange the future of A123’s assets and business lines. The Waltham, Mass.-based advanced lithium ion battery maker filed for bankruptcy protection on Tuesday, and also announced that it had reached a deal with Johnson Controls to buy its automotive battery business, including its federal grant-backed factories in Michigan, for $125 million. But Ni told the court that “our interest and goal remain the same,” in terms of Wanxia...

Full article: http://www.greentechmedia.com/articles/read/wanxiang-to-j...

Tweets

@mendotagroup » 19 Oct '12, 6pm
RT @greentechmedia: Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]
@batterycenter » 19 Oct '12, 6pm
Wanxiang to Bid on Bankrupt A123 - Greentech Media - Greentech MediaWanxiang to Bid on Bankrupt A123Greentech MediaA... [link]
@N2332L » 19 Oct '12, 6pm
RT @SpeakSolar: Wanxiang to Bid on Bankrupt A123 : Greentech Media [link]
@greenenergymatt » 19 Oct '12, 6pm
Wanxiang to Bid on Bankrupt A123 - Greentech Media [link]
@GreenTechnology » 19 Oct '12, 6pm
Wanxiang to Bid on Bankrupt A123 [link] #GreenTech
@CleanEnergyPrin » 19 Oct '12, 5pm
A123 may have declared in its bankruptcy filing this week that it has chosen U.S.–based… [link]
@GeorgeJansen » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123 [link] #China rules
@kristenmnicole » 19 Oct '12, 5pm
RT @GreenEnergyNews: Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has... [link] #solar
@GreenCanada » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123 [link] #green
@GreenEconomyNet » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123 [link] #greenjobs
@greenNRGtv » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123 [link] #greenenergy
@whatgreeninvest » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week tha... [link] #greenbusiness
@CleanergyOrg » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]
@DigitalGridTech » 23 Oct '12, 11am
Wanxiang to Bid on Bankrupt A123 [link]
@Serenetea » 22 Oct '12, 4pm
Wanxiang to Bid on Bankrupt A123 [link]
@interect » 19 Oct '12, 11pm
Wanxiang to Bid on Bankrupt A123 : Greentech Media [link]
@Edgard_Co » 19 Oct '12, 7pm
RT @greentechmedia: Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]
@ecoelectrons » 19 Oct '12, 6pm
Wanxiang to Bid on Bankrupt A123 [link]
@greenNRGtv » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123 [link] #greenenergy
@SpeakSolar » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]
@envilia_ID » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]
@NOTLucaClean » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]
@greentechmedia » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]
@HakimHammach » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]
@cleandurt » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123 [link]
@cleantechcircle » 19 Oct '12, 5pm
Wanxiang to Bid on Bankrupt A123: A123 may have declared in its bankruptcy filing this week that it has chosen... [link]