The lithium ion battery maker is facing some steep losses as a result of slow uptake of hybrid and electric vehicles using its batteries and a major recall of Fisker Karmas.
While A123's latest financial filing raises doubts about its ability to continue as a going concern, I doubt the company will go away completely since they have some solid technology and several high profile customers includingand . My guess is that some other big supplier or battery maker will scoop up A123 at a fire sale price within the next few months. I'd look for companies including Bosch, Continental or perhaps even TRW as suitors.
A123 sees 'going concern' risk due to steep losses
DETROIT (Reuters) — Lithium-ion battery maker A123 Systems Inc. said on Wednesday there was "substantial doubt" about its viability because the company expects to burn through cash and repo…
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