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Posts Tagged ‘Johnson Controls’

Why Washington is Wrong on A123

October 16th, 2012


A123 Prismatic Battery Modules for PHEV and EV Applications via FlickrAmerican advanced battery manufacturer A123 filed for Chapter 11 bankruptcy protection this morning. In Washington, this is going to be spun as yet another failed DOE loan recipient, an example of why the government shouldn’t be picking winners and losers, and a technology that couldn’t succeed without government support. In the business world, though, it’s merely a once-$2 billion company that struggled to overcome an expensive product recall and cash crunch. Companies fail all the time, but it doesn’t mean the technology is a failure.

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