Cars
Detroit-based battery developer and manufacturer A123 Systems announced today that it filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in Delaware.
- Apple Reaches A Settlement With Battery-maker A123 Systems After Lawsuit
The legal debate between Apple and A123 Systems has ended into an agreement between the two companies. Read more »...
- Fisker Looks For Strategic Partners In China, Hasn’t Built A Car In Six Months
The Karma might look gorgeous but things aren’t looking very good for its maker, Fisker, right now. In 2012, despite having delivered some 2,000 Karmas, it’s had its federal loan frozen, issued a number of recalls on the Karma, saw its...
- Batteries Not Included: Fisker Halts Karma Production Until A123 Battery Supplier Is Sold
As if it wasn't facing enough setbacks already, Fisker Automotive is now forced to deal with a new one through no fault of its own. The California-based carmaker announced today that it has halted production of its Karma plug-in hybrid luxury sedan...
- Fisker Says It Has Fixed Most Karma Models, The Rest Will Follow Soon
After the discovery of a coolant leak problem in the A123-supplied battery pack that posed a fire risk in its Karma hybrid luxury sedan, Fisker recalled all 239 cars that it sold since deliveries began on November 3. On Tuesday, the California-based...
- Fisker Karma's Batteries May Have Potential Safety Issue
It may be little consolation to LG Chem, which manufactures the Chevy Volt lithium-ion pack that is currently under investigation by NHTSA, but GM’s hybrid isn’t the only one facing a battery-related fire risk. Another maker of batteries...
Cars
Battery Maker A123 Systems Files for Bankruptcy, Sells Auto Assets to Johnson Controls
Detroit-based battery developer and manufacturer A123 Systems announced today that it filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in Delaware.
A123 Systems, which had received $249 million in federal grants as part of the stimulus bill (having used $129 million to date), said that the petitions, which do not include its overseas subsidiaries, were made so that they can facilitate the sale of its automotive business assets to Johnson Controls Inc. (JCI).
Read more »- Apple Reaches A Settlement With Battery-maker A123 Systems After Lawsuit
The legal debate between Apple and A123 Systems has ended into an agreement between the two companies. Read more »...
- Fisker Looks For Strategic Partners In China, Hasn’t Built A Car In Six Months
The Karma might look gorgeous but things aren’t looking very good for its maker, Fisker, right now. In 2012, despite having delivered some 2,000 Karmas, it’s had its federal loan frozen, issued a number of recalls on the Karma, saw its...
- Batteries Not Included: Fisker Halts Karma Production Until A123 Battery Supplier Is Sold
As if it wasn't facing enough setbacks already, Fisker Automotive is now forced to deal with a new one through no fault of its own. The California-based carmaker announced today that it has halted production of its Karma plug-in hybrid luxury sedan...
- Fisker Says It Has Fixed Most Karma Models, The Rest Will Follow Soon
After the discovery of a coolant leak problem in the A123-supplied battery pack that posed a fire risk in its Karma hybrid luxury sedan, Fisker recalled all 239 cars that it sold since deliveries began on November 3. On Tuesday, the California-based...
- Fisker Karma's Batteries May Have Potential Safety Issue
It may be little consolation to LG Chem, which manufactures the Chevy Volt lithium-ion pack that is currently under investigation by NHTSA, but GM’s hybrid isn’t the only one facing a battery-related fire risk. Another maker of batteries...