Green Jobs
Maker of Electric Car Batteries Files for Bankruptcy
10/23/12
It is difficult for the Obama administration to explain the failure of electric car battery maker A123 Systems.
from NCPA,
10/23/12:

The troubled battery maker A123 Systems filed for bankruptcy, dealing a blow to the Obama administration's program to jumpstart a domestic battery industry and spur development of electric vehicles, says the New York Times.

A123 received money under the stimulus program for electric car development.

In addition, it was awarded a grant from the Department of Energy for $249 million.

However, it had only received $132 million of that before its bankruptcy.



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