.
News Alert
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.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »