Taxpayer-Funded A123 Systems Declares Bankruptcy - By Greg Pollowitz - Planet Gore - National Review Online
A nice gift to the Romney campaign for tonight’s debate.A123 Files for Bankruptcy [Michigan Capitol Confidential]
And although A123 has sold whatever assets it had left to Johnston Controls for $125 million, taxpayers get nothing
Yet another failure of central planningA123 Systems files for bankruptcy, will sell assets to Johnson controls | The Detroit News | detroitnews.com
A123 has won about $500 million in grants and other support from state and federal governments, including $238 million from Michigan and a $249 million Energy Department grant.
In 2010, President Barack Obama invited the CEO of A123 to the Rose Garden to tout the impact of green jobs and he said the company would add more than 3,000 jobs by the end of 2012 — and has about one-third that figure.