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-   -   A123 Files for Bankruptcy (

Andrew*Debbie 10-17-2012 07:13 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.


"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 04:51 PM

Latest info, I gather:

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 01:28 AM

I can't delete this accidental post.

TheCritic 10-22-2012 02:45 PM

Little more on the latest situation and the politics swirling around the company:

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