The Homa Files

Hot off the wires from Bloomberg …

A123 Systems —  the electric car battery maker that received a $249 million federal grant —  filed for bankruptcy protection after failing to make a debt payment that was due yesterday.

There is “no assurance” that A123 will be able to find a way to continue to operate its business as a going concern, the company said.

For those keeping score,  Solyndra left taxpayers holding a  $535 million loan guarantee granted by the U.S. Energy Department.

This entry was posted on October 16, 2012 at 12:21 pm and is filed under 2012 Campaign, Alternative energy, Gov't Waste & Inefficiency, Gov't Spending, Green Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.