Tuesday, October 16, 2012

Battery firm bankruptcy comes after bipartisan funding under both Bush and Obama


Battery manufacturer A123 Systems, which got nearly $250 million in grant money under President Barack Obama’s 2009 stimulus program, filed for Chapter 11 bankruptcy protection Tuesday morning – just in time for Republican Mitt Romney to add the firm to his indictment of Obama’s green-energy program. Battery manufacturer A123 Systems, which got nearly $250 million in grant money under President Barack Obama’s 2009 stimulus program, filed for Chapter 11 bankruptcy protection Tuesday morning – just in time for Republican Mitt Romney to add the firm to his indictment of Obama’s green-energy program.



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