A123 Systems (AONE) received a $946,830 grant payment from the government on the day it filed...

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

A123 Systems (AONE) received a $946,830 grant payment from the government on the day it filed for Chapter 11 last month. The money, which was was part of $115.8M in funds that the electric-car battery producer has received, will add fuel to criticism about the government's support of green-energy programs. What won't help is that a court has approved bonuses of up to $4.2M for 10 employees who have stayed on while A123's assets are sold.