The other day, it was announced that A123 systems would be selling most of its assets to the Chinese through the bankruptcy process. This was after a quarter-billion dollar grant from the U.S. government simply failed to be enough to keep the company in operation making batteries for electric cars like the Chevy Volt ... which has the U.S. government as its biggest owner and biggest customer.
China Picks Up The Pieces Of U.S. Battery Manufacturer
Not everyone is enamored with this outcome.
Could this be part of Obama's strategy for a greater American presence in southeastern Asia? He just accidentally transposed the countries.
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