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2012-10-17 -Election 2012
A123 Files For Bankruptcy
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Posted by Beavis 2012-10-17 00:00|| || Front Page|| [3 views ]  Top

#1 Another one bites the dust
Another one bites the dust
And another one gone, and another one gone
Another one bites the dust
Hey, I'm gonna get you too
Another one bites the dust

How do you think I'm going to get along,
without you, when you're gone
You took me for everything that I had,
and kicked me out on my own
Are you happy, are you satisfied
How long can you stand the heat
--Queen
Posted by JohnQC 2012-10-17 10:33||   2012-10-17 10:33|| Front Page Top

#2 How much did they contribute to Obama's campaign?
Posted by Ebbang Uluque6305 2012-10-17 12:16||   2012-10-17 12:16|| Front Page Top

#3 A123 Electric Car Battery Plants Saved From Bankruptcy By Auto-Parts Maker

Despite filing for bankruptcy protection yesterday(Oct 17 2012), lithium-ion battery firm A123 Systems has said the factories where it makes electric car battery cells will be saved, thanks to a $125 million deal with automotive parts maker Johnson Controls.

Already a huge Tier One global automotive parts supplier, Johnson Controls sells around 120 million lead-acid starter batteries a year to the automotive industry, as well as everything from instrument panels and information displays to headliners and floor consoles.

The purchase of A123 SystemsÂ’ automotive business by Johnson Controls will not only give the auto-parts maker the chance to build and sell lithium-ion batteries to automakers, but hopes to safeguard two of A123 SystemÂ’s battery facilities in the U.S.
Posted by Spavish Prince of the Gepids2436 2012-10-17 12:55||   2012-10-17 12:55|| Front Page Top

#4 That doesn't get back any of the taxpayer's money though.

Unless a total economic miscalculation, bankruptcy only destroys debt. The assets merely change ownership.
Posted by Bright Pebbles 2012-10-17 15:49||   2012-10-17 15:49|| Front Page Top

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