A123 Battery Builder...another Obama "Green Jobs" Failure

[GeoFisher]

A123 has sold out to another American Battery builder, Johnson Controls . I don't remember for how much, but they were talking about selling out to China. I'm glad they sold to another company that is American made. the story was on NPR radio yesterday.

Just means Johnson Controls purchased a company for pennies on the dollar, CREATED by Obama. Yep. GREAT.

You tax dollars purchased Johnson some kickass equipment.

Later,

Geo

[waterdog101]

Just means Johnson Controls purchased a company for pennies on the dollar, CREATED by Obama. Yep. GREAT.

You tax dollars purchased Johnson some kickass equipment.

Later,

Geo

I tried to find the NPR story, but couldn't. I did find a story on where Johnson Control bought a123. and they payed 125 Million for it. about 50 cents to the dollar. a123 got a grant for 249 million. and back in Aug, of this year. China offered a123 465 million for 80% of the company. it don't make sense that they would sell it for 125 million, to Johnson Control. and not sell 80% to China for 465 million. but that's the way the article read.