Wanxiang

Lithium-ion battery developer A123 Systems is re-emerging from its bankruptcy and sale to China-based Wanxiang Group as ... well, we're not sure exactly what. Wanxiang is starting a new division called A123 Venture Technologies, Green Car Congress says. The buzzwords are strategic partnerships ...

Any self-respecting dealer would refuse to sell a Fisker Karma extended-range plug-in for a mere $12,000, but Fisker Automotive may be taking that approach with former battery supplier A123 Systems by settling for about 11 cents on the dollar in a bankruptcy-court claim. The California-based ...

Details of the A123 Systems bankruptcy proceedings are getting ironed out, and have been given the green light by US Bankruptcy Judge Kevin Carey. The federal judge approved an outline of lithium ion battery maker A123's liquidation plan to be used by creditors, who will decide whether to vote ...

Fisker Automotive is accusing battery maker and former vendor A123 Systems of funny math after the latter company filed documents of its debt levels with the US Bankruptcy Court, Reuters says. The California-based maker of the extended-range plug-in Karma says A123 owes it more than $212 ...

The bankruptcy proceedings for A123 Systems are moving relatively smoothly toward completion, and it looks like Wanxiang America Corp. and Navitas Systems LLC should complete the transactions within the guidelines of the court-ordered asset purchase agreements by February 1, 2013. Chinese parts ...

Johnson Controls isn't taking the bankruptcy sale of A123 Systems to the Chinese company Wanxiang lying down. Wanxiang won the bankruptcy court sale for $256 million on December 11 and, today, Johnson Controls has filed an appeal against the sale because it "objects to delay in payment of ...

The pending production schedule for the Fisker Karma is pretty much at the mercy of US regulators, as the California-based maker of the extended-range plug-in won't start things up again until the ownership issue of bankrupt battery-maker A123 Systems is settled, Automotive News reports. Fisker, ...

Let the bidding begin. In a few weeks, of course. A123 Systems will likely receive offers from at least four companies when the bankrupt lithium-ion battery pack maker starts receiving bids on December 6. Johnson Controls and China-based Wanxiang Group Corp. will likely be the lead bidders, ...

Lithium-ion battery maker A123 Systems continues to be a source of drama and intrigue, from bankruptcy and court filings to investor relations and national security. Two US Senators want the Committee on Foreign Investment in the United States (CFIUS), led by Treasury Secretary Timothy Geithner, ...

Think of it as a refi going to the highest bidder. Bankrupt lithium-ion battery maker A123 Systems is looking to access a $50 million loan from China-based auto-component maker Wanxiang, which is offering terms at an interest rate that's three percentage points lower than competing bidder ...