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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

A123 Systems has been the recipient of a number of state and federal grants and tax incentives. million grant awarded under the US Department of Energy (DOE) Battery Initiative to support manufacturing expansion of new lithium-ion battery manufacturing facilities in Michigan. million Center of Energy and Excellence grant.

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Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

The state refundable tax credits will help the companies in their quest for some of the $2 billion in federal grants for advanced-battery research and development. The MEGA board approved a high-tech state tax credit valued at $25.2 and LG Chem-Compact Power Inc.

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Tesla + Toyota

Revenge of the Electric Car

“In a great big hurry, our fortunes have changed,&# said Bob Wasserman, now in his second term as Fremont’s mayor and his first week as its green-tech cheerleader. Hub of green tech. “Clearly it’s a goal of ours to be a hub of clean- and green-tech, and Tesla and Solyndra are two big players in that arena.&#.

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