"A123 Chief Executive David Vieau said any deal with Wanxiang must be cleared by U.S. and Chinese government regulators."
"The Obama administration has said the country must WIN" (not develop and give to China) "a clean energy race with China through advances in areas such as battery technology and solar power."
Read the whole thing. Sounds like the deal is going to be a tough sell to Federal Regulators.
USA gives AONE 1/4 billion
AONE gives shareholders tube of KY Jelly
china gives AONE shareholders .15 cent target and zero chance to recover their losses
Sorry LONGS, U been FAWKED without a kiss by Vieau and the Chinese
Actually waxiang employs 1000's of workers and they have headquarters for usa in illinoi so your post is irrelevant obama says alotta things but u all been calling him a monkeyt n a liar suddenly ur down with him lolll
Yahoo has them down as having 1,983 employees, where do you get your numbers?
Also, Macroaxis has them about the same number at http://www.macroaxis.com/invest/compare/AONE
"A123 Systems Inc. is rated below average in number of employees category among related companies. The total workforce of Diversified Electronics industry is presently estimated at about 294,624. A123 maintains roughly 1,983 in number of employees contributing less than 1% to equities under Diversified Electronics industry."
Read the article. If he let these two file bankrupty, why should he stop AONE from doing the same?
"Obama's push for clean energy technology has come under fire from Republicans since the failure of two government-backed solar panel makers in the last two years.
Solyndra LLC, which filed for bankruptcy protection in September 2011, left taxpayers on the hook for $535 million in loans. The company filed a Chapter 11 reorganization plan in July. <ID:L2E8IT55I>
Abound Solar filed for Chapter 7 liquidation in July. <ID:L3E8I265Z>"