Chinese Company Buys A123

http://www.futureofcapitalism.com/2012/08/chinese-company-buys-a123

A Chinese company, Wanxiang Group Corp., will buy an American electric-car-battery firm, A123 systems, which has won $249 million in grants from the U.S. Department of Energy. The Wall Street Journal reports:

A spokeswoman for the Republican National Committee said of the deal: "It is unfortunate Obama borrowed from the Chinese to give taxpayer money to prop up green energy companies that the Chinese are now buying."

by Editor  |  Aug 9, 2012 at 9:35 am Related Topics:  China, Energy, Politics, President Obama receive the latest by email: subscribe to the free futureofcapitalism.com mailing list