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A123 not to receive federal funding

The U.S. Energy Department will not give A123 Systems the balance of a $249 million grant The news comes a day after the bankrupt battery...

Battery maker A123 files for Chapter 11 bankruptcy protection

Lithium-ion battery maker A123 Systems Inc. filed for Chapter 11 bankruptcy protection today in U.S. Bankruptcy Court in Delaware and said Johnson Controls Inc. has agreed to acquire its automotive battery business.
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