#CBSNews Green Energy: A123 was awarded $249m stimulus tax dollars in Aug. 2009. Shortly thereafter it announced a joint venture with China.
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Sharyl Attkisson (@SharylAttkisson) March 27, 2012CBS reporter Sharyl Attkisson shared several tweets about lithium-ion battery manufacturer A123 Systems. She says the troubled company was awarded $249 million in fiscal stimulus funds by the Obama Administration.
#CBSNews GreenEnergy: A123 to spend $55m, replacing defective electric batteries like the one in Fisker Karma…—
Sharyl Attkisson (@SharylAttkisson) March 27, 2012
#CBSNews Green Energy: The Fisker Karma shut down in a Consumer Reports test.—
Sharyl Attkisson (@SharylAttkisson) March 27, 2012
#CBSNews Green Energy: A123 stock has traded at $28.20 but has now fallen to a low of $1.49.—
Sharyl Attkisson (@SharylAttkisson) March 27, 2012
#CBSNews Green Energy: Newest A123 SEC filings report “an unremediated material weakness in our internal control over financial reporting.”—
Sharyl Attkisson (@SharylAttkisson) March 27, 2012
#CBSNews Green Energy: From A123's newly-filed SEC report: "We have never been profitable…—
Sharyl Attkisson (@SharylAttkisson) March 27, 2012
Background here.
