16 Oct '12, 3pm

A123 Systems Files Bankruptcy; Agrees To Be Sold to Johnson Controls, Inc

"Our interest in A123 Systems is consistent with our long-term growth strategies and overall commitment to the development of the advanced battery industry," Molinaroli said. "Requirements for more energy efficient vehicles continue to increase, which is driving automotive manufacturers to pursue new technologies across a broad spectrum of powertrains and associated energy storage solutions. We believe that A123's automotive capabilities are a good complement to our existing portfolio and will further advance Johnson Controls' position as a market leader in this industry."

Full article: http://www.hybridcars.com/news/a123-systems-files-bankrup...

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