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A123 Systems (AONE -7.6%) tumbles after two Senators join a Congressman in questioning the...

A123 Systems (AONE -7.6%) tumbles after two Senators join a Congressman in questioning the company's $450M investment from China's Wanxiang Group. The White House has tried to soothe concerns by stating none of A123's DOE funds will go to building overseas facilities. Yesterday, A123 fell on news a Fisker Karma sedan, which uses A123's batteries, had caught fire. Fisker replaced its CEO today.
Comments (2)
  • What a mess!
    Ener1 ended up in Russian investors control after it filed BK. AONE is trying to avoid BK which is ultimately good for shareholders. I'm long on AONE but would like to wait till the dust settles.
    14 Aug 2012, 02:38 PM Reply Like
  • CFIUS rejection alert...
    14 Aug 2012, 02:38 PM Reply Like
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