DETROIT – Short of cash and hurting from weak sales of electric cars, battery maker A123 Systems filed for bankruptcy protection on Tuesday and quickly sold its automotive assets. Auto parts maker Johnson Controls Inc. will buy the company's...
By TOM KRISHER The Associated Press, Orange County Register: Business
Wed, 10/17/2012 - 9:31am
DETROIT – Short of cash and hurting from weak sales of electric cars, battery maker A123 Systems filed for bankruptcy protection on Tuesday and quickly sold its automotive assets. Auto parts maker Johnson Controls Inc. will buy the company's...