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

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

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.