The bad news continues for A123 Systems. The company announced this morning that a defect in some of its battery cells could affect all of the battery packs produced by...
Article Context
Faulty battery packs will cost A123 $55 million
Articles from 3.26.2012
White House: Oil companies don’t need 'wasteful' tax breaks
The White House officially endorsed a Democrat-backed bill to repeal billions of dollars in oil industry tax breaks Monday, arguing that major oil companies don’t need...
Republicans setting up showdown over oil tax breaks on Senate floor
Senate GOP leaders are urging their members not to bottle up Democrat-backed legislation to repeal oil industry tax breaks, a move designed to allow a freewheeling floor...
GE signs deal with Nigeria for power plants
General Electric Corp. said Monday it signed an agreement with Nigeria's government to potentially build and operate power plants in the electricity-starved nation...
Oil discovered in Kenya for first time
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Second-to-last reactor taken offline in Japan
TOKYO, March 26 (Reuters) - Tokyo Electric Power Co, the operator of the tsunami-crippled Fukushima power plant, shut its last operating nuclear reactor on Monday for...
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China's Wanxiang wins auction for U.S. govt-backed A123
WILMINGTON, Del., Dec 8 (Reuters) - China's largest maker of auto parts won a politically sensitive auction for A123 Systems Inc, a bankrupt maker of batteries for...
A123 sets financing deal with Chinese firm
A123 Systems will receive $25 million immediately from Wanxiang, which is expected to invest a total of $465 million and take an 80 percent ownership interest.
A123 gets more time to use DOE grant money
This is a tough time for lithium-ion cell maker A123 Systems, but the company did get one little piece of good news yesterday. The U.S. Department of Energy has agreed to...
Batteries to rival gas peaker plants by 2016, A123 CEO says
Falling prices for lithium-ion batteries will make power-storage systems competitive with natural gas as a source of electricity during periods of high demand by 2016,...
Fisker's woes put A123 at risk
After failing to meet the milestones required by a loan agreement with the U.S. Department of Energy, Fisker Automotive, a startup making high-end hybrid electric cars,...
A123 will supply battery packs for BMW hybrids
Lithium-ion battery-pack maker A123 Systems, whose customers include General Motors, Fisker and ALTe, will make battery packs for two new BMW hybrid vehicles this year....
A123 “temporarily” lays off 125 in Michigan
Thanksgiving didn't have much to offer by way of thanks for about 125 employees of A123 who were laid off from the lithium-ion battery maker's Livonia and...
EV battery maker A123 Systems lowers forecast, blames Fisker
Late-to-the-EV-party Fisker Automotive may be dragging down suppliers with its tardiness. A123 Systems lowered its 2011 revenue forecast due to reduced orders, and...
A123 to supply batteries for all-electric Chevy Spark
The courtship between A123 Systems and GM didn’t really work out before, but the two are giving it another try. GM on Wednesday named the lithium-ion battery maker as the...
GM awards A123 Systems production contract for batteries for future EVs
General Motors has awarded a production contract to A123 Systems, a developer and manufacturer of advanced Nanophosphate lithium-ion batteries and systems, for batteries...
EV maker Think falters, Ener1 cuts its losses
Lithium ion battery maker Ener1 reported earnings on Tuesday, and unveiled a worrisome note about its investment in electric car maker Think. Ener1 says because Think has...
Report: Cost of lithium-ion batteries could drop by 20% in 2010
According to a report from Bloomberg, a looming price cut stemming from oversupply in the rechargeable battery industry, may make electric vehicles more affordable, but...
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