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December 10, 2012

Old and Busted: We Have To Throw Millions Down Ratholes Like A123 So We Build Batteries, Rather Than The Chinese
New Hotness: A123 Sold To Chinese

The only thing that surprises me is that someone thought it was worth buying. I suppose some of those millions we spent must have bought some research that can be useful to someone, at some point.

True that the A123′s Michigan plant will remain open, but what we’ve essentially accomplished here is borrowing money from the Chinese, to build a company at a loss, to then sell it to the Chinese.

The plant will remain open for now. The Chinese don't buy companies to employ foreign workers. They believe in insourcing.

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posted by Ace at 12:23 PM

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