Bankruptcy court allows Wanxiang Group Co. to buy A123 Systems Inc. assets

Wanxiang Group to acquire A123 Systems Inc. assets for $256.6 million.


Wanxiang Group Co. won bankruptcy court approval to buy most of the assets of A123 Systems Inc., the failed electric-car battery maker backed with U.S. government funds, for about $256.6 million, according to Bloomberg News. For the full story, click here.

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