- You are here:
- Green Car News >
It's official: A123 Systems Inc. is passing through its final phase. The bankrupt lithium ion battery maker, now going by the name B456 Systems Inc., has won court approval for its plan to exit bankruptcy that pays off creditors from proceeds gained by selling off virtually all of its ...
Fisker Automotive and what was formerly A123 Systems have received approval of their settlement in which Fisker's claims against the bankrupt battery maker were reduced by 89 percent, Bloomberg News reports. Fisker's claims against what's now B456 Systems were reduced to $15 million from $140 ...
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 ...