A123 Systems (AONE) receives court approval for $50M in Debtor-in-Possession financing from...


A123 Systems (AONE) receives court approval for $50M in Debtor-in-Possession financing from Wanxiang Group Corporation. The company is continuing discussions with Johnson Controls (JCI) over bidding procedures in connection with the asset purchase agreement the firms signed.

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  • MJ Murphy
    , contributor
    Comments (6) | Send Message
     
    I guess this is the process. The country and the industry should support JCI role in preserving the operations as US owned.
    6 Nov 2012, 11:37 AM Reply Like
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