-
Recent Posts
- Annals of Marketing – LEXUS Flight Helicopter Service Debuts
- Magna International Posts Record Q2 Earnings per Share
- IIHS – Driver Death Rates and Vehicles That Kill other Drivers
- Stellantis Posts a Modest Q2 2026 Net Profit of €0.3 Billion
- Penske Automotive Group Posts Q2 2026 Earnings Decline
- Ford Motor Posts Q2 2026 Net Loss of $1.3B
- Magna to Supply Chery with 800V 2-Speed eDrive
- Bosch Fuel-Cell System Begins Testing in Madrid
- Stellantis Sells Free2move to a Private Equity Firm
- CAR on King Trump’s Tariff and Trade Policies
- Non-Binding ‘cellcentric’ Fuel Cell Agreement Moves Ahead
- Ford Motor Recalls ~566,000 Broncos for Wiring Harness Fires
- Autokiniton Workers in Milan, Michigan Vote to Join the UAW
- Financing Costs Ease a Tad But Payments Set July Record
- EPA Certifies Higher Estimated Range for 2027 Volvo EX60
Recent Comments
- Jeff Badman on Ford Motor Recalls 850,000 Vehicles for Sudden Stalling
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
Archives
Meta
Tag Archives: doe loans
A123 Files Bankruptcy. Johnson Controls to Purchase its Auto Assets
A123 Systems (Nasdaq: AONE), a developer and manufacturer of nanophosphate lithium iron batteries and systems, today filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. A123 ran out cash as demand for EVs and its batteries remains weak to almost non-existent. As part of a proposed reorganization Johnson Controls (NYSE: JCI) will supply $72.5 million in “debtor in possession” financing to support A123’s continued operations as JCI purchases parts of A123. Continue reading
Posted in auto news, electric vehicles, financial results, news analysis, results
Tagged a123, auto informed, autoinformed.com, automotive news, doe loans, EVs, fisker, Ken Zino, taxpayer subsidies
Leave a comment
Taxpayer Funded A123 Systems Claims Breakthrough Battery
A123 Systems (Nasdaq: AONE), a developer and manufacturer of nanophosphate lithium iron phosphate batteries and systems, today introduced Nanophosphate EXT, a new lithium ion battery technology that it claims is capable of operating at extreme temperatures without requiring thermal management. The struggling company said this morning that the new battery chemistry will significantly “reduce or eliminate the need for heating or cooling systems.” Continue reading
Penske Automotive Adds a Fisker Dealership in Arizona
Penske Automotive Group is opening the first Fisker dealership in Arizona – Fisker of Scottsdale. The addition of the new Arizona outlet bring to 80 the number of independent retail locations in the US, Canada and Europe selling Fisker EVs. The Karma model is sold through 48 outlets in North America, and will soon be distributed for the first time in China and the Middle East following new retail agreements. Continue reading
