It's now official: A123 files for bankruptcy, will sell its automotive assets to Johnson Controls. Press release here.

A123: "no assurance" we won't go bankrupt *UPDATE

It's now official: A123 files for bankruptcy, will sell its automotive assets to Johnson Controls. Press release here.

A123 SYSTEMS REACHES AGREEMENT TO SELL AUTOMOTIVE BUSINESS ASSETS TO JOHNSON CONTROLS A123 and its U.S. Subsidiaries File Voluntary Chapter 11 Petitions To Facilitate Transaction Process Johnson Controls to Provide $72.5 Million in DIP Financing To Support A123's Continued Operations A123 Actively Pursuing Strategic Alternatives for Grid, Commercial, Government and other Businesses and Operations WALTHAM, Mass., October 16, 2012 – A123 Systems, Inc. (Nasdaq: AONE) ("A123" or "the Company"), a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced that it has entered into an asset purchase agreement with Johnson Controls, Inc. (NYSE: JCI) in a transaction valued at $125 million. Under the terms of the agreement, Johnson Controls plans to acquire A123's automotive business assets, including all of its automotive te...

Full article: http://green.autoblog.com/2012/10/16/a123-no-assurance-we...

Tweets

@tsport100 » 16 Oct '12, 4pm
RT @Domenick_Y: It's now official: A123 files for bankruptcy, will sell its automotive assets to Johnson Controls. Press release here. [link]
@Domenick_Y » 16 Oct '12, 2pm
It's now official: A123 files for bankruptcy, will sell its automotive assets to Johnson Controls. Press release here. [link]
@balqon » 16 Oct '12, 2pm
A123: "no assurance" we won't go bankrupt *UPDATE Filed under: Emerging Technologies , EV/Plug-in Let's start the day [link]
@ElectricCarNWS » 16 Oct '12, 2pm
A123: "no assurance" we won't go bankrupt: Filed under: Transportation News [link] AlternativeTransport
@otogeek » 16 Oct '12, 2pm
[link] A123: "no assurance" we won't go bankrupt: Filed under: Emerging Technologies, EV/Plug-in Le... [link]
@carstufffeed » 16 Oct '12, 1pm
A123: "no assurance" we won't go bankrupt: Filed under: Emerging Technologies, EV/Plug-in Let's s... [link] #AutoblogGreen
@balqon » 16 Oct '12, 1pm
A123: "no assurance" we won't go bankrupt Filed under: Emerging Technologies , EV/Plug-in Let's start the day off wit [link]
@G0Championships » 16 Oct '12, 9pm
A123: "no assurance" we won't go bankrupt *UPDATE [link]
@GTVARGAS1 » 16 Oct '12, 4pm
RT @Domenick_Y: It's now official: A123 files for bankruptcy, will sell its automotive assets to Johnson Controls. Press release here. [link]
@NevynPA » 16 Oct '12, 4pm
RT @Domenick_Y: It's now official: A123 files for bankruptcy, will sell its automotive assets to Johnson Controls. Press release here. [link]
@fibergeneration » 16 Oct '12, 4pm
A123: "no assurance" we won't go bankrupt *UPDATE [link]
@Alltop_green » 16 Oct '12, 3pm
A123: "no assurance" we won't go bankrupt *UPDATE [link]
@SDRelectriccars » 16 Oct '12, 3pm
A123: "no assurance" we won't go bankrupt *UPDATE - Filed under: Emerging Technologies, EV/Plug-in Let's start the ... [link]
@jaffarwahdat » 16 Oct '12, 2pm
A123: "no assurance" we won't go bankrupt [link]
@mygreenlimo » 16 Oct '12, 2pm
A123: "no assurance" we won't go bankrupt [link]