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Missing: 15-Year-Old Waltham Girl

Is A Waltham Company Going Broke?

Waltham firm is in major trouble.

Waltham-based A123 Systems says it will likely default on some of its debt and seek bankruptcy protection soon, according to the Washington Post. 

The news comes after the company received a $450 million loan from a Chinese company two months ago, according to the Post. A123 manufactures high-tech car batteries. 

The company, which received millions in federal funding to build a factory in the United States, has faced challenges since batteries it supplied to another company were recalled, according to Business Week. 

Daniel Iknaian October 16, 2012 at 02:00 PM
Well this is a prime example of why quality control is crucial. If they had made it right and tested it more then they wouldn't have had these re-call issues.


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