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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. In December 2009, A123 entered into an agreement establishing the terms and conditions of a $249.1-million The agreement also provides for reimbursement of pre-award costs incurred from 1 June 2009 to 30 November 2009.

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DOE Inspector General review finds automotive Li-ion battery maker LG Chem Michigan misused Recovery Act funds; DOE management, low market demand contributory

Green Car Congress

A review by the US Department of Energy (DOE) Office of the Inspector General (OIG) has found that Li-ion battery maker LG Chem Michigan misused funds awarded to it under the American Recovery and Reinvestment Act of 2009 (Recovery Act). The period of performance for the grant runs through May 2013.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

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