A123 Systems Inc files for bankruptcy, gives Romney new example of green grant loser due to lack of demand for its electric vehicle batteries.. It was a maker of rechargeable lithium-ion batteries.
A123 Systems received a $249 million grant from the federal government to expand its battery production, about half of which has been spent.
The Solyndra Memorial Tax Break Click Here
Michigan Taxpayers Writing Check to Second Electric Car Battery Maker for $100 Million Click Here
Add it to the Solydra’s of Obama’s world.
Obama’s Green Energy Losses Mount
Green Investments Obama Said Would Take The Country Forward Are Going Belly Up, Taking Jobs And Taxpayer Cash With Them
http://www.gop.com/news/research/obamas-green-energy-losses-mount/