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Topic: U.S. approves sale of
A123 to Chinese firm |
U.S. approves sale of
A123 to Chinese firm
Detroit News, by David Shepardson
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Original Article
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Posted By:Ribicon, 1/29/2013 12:43:57 PM
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| Washington — The Obama administration approved the sale of most of bankrupt battery maker A123 Systems´ assets to Chinese firm Wanxiang Group Corp. The company´s U.S. subsidiary, Chicago-based Wanxiang America, said it has received approval from the Committee on Foreign Investment in the United States to complete its acquisition of substantially all of the non-government business assets of A123 Systems, Inc. "We´re pleased the government has completed its review and provided us with the go-ahead to finalize this transaction," said Pin Ni, president of Wanxiang America. "The future is bright for A123. It is a company with exceptional talent
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Comments:
Develop technology using American tax dollars, hand it over to our Most Favored friends the Chinese. Latest in a string of wonderful developments from DC.
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Reply 1 - Posted by:
LudicrousSextus, 1/29/2013 1:25:05 PM (No. 9146630)
Unreal indeed. Two-hundred-fifty-MILLION in Obama stimulus monies, and another 125 mil in tax breaks...
For Obama to hand over *CRITICAL* battery tech to the Chinese.
Guess the definition of ´treasonous´ has changed over the last few years...
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Reply 2 - Posted by:
thelmalou, 1/29/2013 1:27:54 PM (No. 9146636)
:sigh:
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Reply 3 - Posted by:
Dante, 1/29/2013 1:38:41 PM (No. 9146661)
In lieu of doing a story on this, NBC will be running a piece on the popularity of the first lady´s new wig.
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Reply 4 - Posted by:
nimby, 1/29/2013 2:04:53 PM (No. 9146744)
Why do we bother?
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Reply 5 - Posted by:
jimK1, 1/29/2013 2:21:39 PM (No. 9146783)
If the future looks so bright and there is so much talent, why did the company fail? Or does China want the technology and they could care less about how successful the company is? Hmmm, with this administration, I´ll have to think on this for a while. Do I really need a s/o?
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Reply 6 - Posted by:
Grambo, 1/29/2013 2:58:12 PM (No. 9146871)
This president, who has no experience running anything but his mouth, continues to waste billions of dollars funding things he knows nothing about. There’s not a company in the US, large or small, that would put this guy in charge of the coffee fund, let alone billions.
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Reply 7 - Posted by:
wsdiego, 1/29/2013 3:14:51 PM (No. 9146901)
The camels nose is under the tent! Soon the whole body will be there!
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