A123 Systems (AONE +8.6%) rallies after company officials state they've cut 350 jobs at two...

|About: A123 Systems, Inc. (AONEQ)|By:, SA News Editor

A123 Systems (AONE +8.6%) rallies after company officials state they've cut 350 jobs at two Michigan electric car battery plants, on account of recent order cuts from top customer Fisker Automotive. A123, whose shares are down 76% YTD, says it expects Fisker's orders to rebound in Q2 2012.