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-   -   A123 Files for Bankruptcy (http://www.bimmerfest.com/forums/showthread.php?t=652377)

Andrew*Debbie 10-17-2012 08:13 AM

A123 Files for Bankruptcy
 
Edit: Nevermind. I just read that SB LiMotive (Samsung/Bosch) is building the battery packs for the i3.


A123 Systems has (had?) a contract with BMW for lithium-ion batteries. Not sure where they are using them.


News reports say that A123 will be selling their battery plants to Johnson Controls.

http://www.wired.com/business/2012/10/a123-bankruptcy/

Quote:

"It cost more to make them than they could sell them to their customers for," says Andrea James, an industry analyst with Dougherty & Co. "Every single battery pack was sold at a gross loss. The more they sold the more they lost."

TheCritic 10-19-2012 05:51 PM

Latest info, I gather:
http://www.greencarreports.com/news/...to-parts-maker

So glad I got AONE stock at its $17 initial price! People could make a fortune doing exactly the opposite of what I do in stocks, damn it.

Andrew*Debbie 10-22-2012 02:28 AM

I can't delete this accidental post.

TheCritic 10-22-2012 03:45 PM

Little more on the latest situation and the politics swirling around the company:
http://www.plugincars.com/romney-did...hy-124938.html


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