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A123 Systems (AONE -3.1%) is selling off in spite off Wunderlich's attempt to put a silver...

A123 Systems (AONE -3.1%) is selling off in spite off Wunderlich's attempt to put a silver lining on top customer Fisker Automotive's recent production forecast cut. According to Wunderlich, Fisker's cut will actually lower A123's 2012 cash burn, and might even prevent it from having to raise capital this year, since A123 loses money on every battery it sells to Fisker.
Comments (2)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Now thats a good business model...lol.....
    24 Jan 2012, 01:30 PM Reply Like
  • davidbdc
    , contributor
    Comments (3141) | Send Message
     
    Surreal. I"m perfectly ok with the idea of electric cars and actually have no issue with government spending money on pure research. But why in the world would we spend money on a company that loses money on each product unit produced?
    24 Jan 2012, 01:48 PM Reply Like
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