“A company that two years ago was one of the most promising U.S. innovators in the clean-fuel auto industry was rescued from collapse Wednesday. Its buyer: A Chinese auto-parts company. Wanxiang Group Corp., one of China’s biggest parts makers, offered a $450 million lifeline to A123 Systems Inc., a maker of advanced batteries for electric vehicles that received U.S.-government backing. The deal would put the firm’s lithium-ion technology and its U.S.-funded manufacturing plant into the hands of a company that has slowly acquired a passel of auto assets across the Midwest.”
http://online.wsj.com/article/SB10000872396390443991704577576881949308486.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Turkey becomes partner of China, Russia-led Shanghai Cooperation Organisation
The real sign that Greece's financial turmoil is getting worse
First Midwest Bitcoin Kiosk to Be Installed in Spring?
Gas In Egypt Is 78 Percent More Expensive Now Than Last Week
China Lets Banks Roll Over Loans Backed by Pledges of Shares
From Murder to Mob Ties, Three N.Y. Politicians Make Unlikely Comebacks
Thousands of Brazilians march for president's removal
Treasury announces GM exit strategy; automaker buying 200 million shares from U.S.
California’s biggest community college loses accreditation
Tiny ‘Shoebox’ Apartment in London Costs $1,200 Per Month
City officer only charged with shooting after 9 day 'extensive inquiry'
G20 vows to combat corporate tax avoidance
SS agents camp outside woman's house after dispute with neighbor
Icelanders Demanding Up to 50% Pay Rise Show Crisis Ripples
Oil and gas drillers use complex schemes to stiff retired landowners for royalties