The company, partially owned by General Electric Co.,
What a shocker... Immelt and 0 create more profits and more jobs for the Chinese.
China's largest automotive parts supplier is poised to take control of U.S. battery maker A123 Systems (AONE.O), which received $249 million green-technology grant from the Obama administration in 2009.
China's Wanxiang Group Corp plans to invest up to $450 million in A123 Systems, taking an 80 percent stake in the U.S. company, A123 said on Wednesday.
He bails out Chrysler for the Italians, and now creates A123 for the Chinese.
Obama continues to be a complete disaster for this country.
The success or failure of the new technology may well determine the fate of A123. It will also render an early verdict on Mr. Obama’s broader push to promote electric cars and build a domestic industry to develop and manufacture advanced batteries to run them.
The verdict is in. Another Complete Failure for Obama, and more big government waste.
Sounds more like the US is not giving enough support to the green industries, and to new technologies for the future, but China is willing to pick up where we have failed to push forward, and they, and other countries, will benefit and flourish from being in the forefront, while the reactionaries in the US keep us from developing anything that isn't "tried and true" based on ancient technology. We used to be the foremost research and development country.....now, with the help of the conservative movement, we are languishing and will be left in the dust.
archer wrote: We used to be the foremost research and development country.....now, with the help of the conservative movement, we are languishing and will be left in the dust.
Source for that or is it just your opinion?
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
Yeah, I have a source for that, let me know if you need more
Lechleiter refers to a study published last year by the Information Technology and Innovation Foundation that ranked the U.S. sixth among the top 40 industrialized nations in innovative competitiveness, but dead last in "the rate of change in innovation capacity" over the past decade. The study looked at what countries are doing to become more competitive in the future through higher education, investment in research and development, corporate tax rates, and more.
Lechleiter believes we are at serious risk of falling behind the rest of the world if we fail to take actions to support innovation in industry.
On Global Public Square last month, Fareed Zakaria made the case that the U.S. economy is struggling in part due to poor investment in science. He based this conclusion on two claims: First, that federal research and development (R&D) investment has declined over the past several years and, second, that American students have fallen behind in science education.
A Brookings Fellow told the Congressional Joint Economic Committee that the U.S. is at a technological disadvantage to other industrialized nations due to a declining focus on government-funded research and development (R&D). Michael Greenstone explained in the July 27 hearing the historical importance of R&D funding:
“R&D is one category of spending that develops and drives these new technologies. However, private sector firms are prone to focus their R&D on “applied” projects, where the payoff to their bottom line is likely to accrue only to them… In contrast, government can sponsor the kind of “basic” research projects that seek wide-ranging scientific understanding that can affect entire industries, rather than individual firms.”
If it was a good investment, Warren Buffet would have bought in.
Check out the stock history of this company, its dropped from $20 to 50 cents. They are burning thru cash faster than Chevy Volts are starting on fire!
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
LOL wrote: If it was a good investment, Warren Buffet would have bought in.
Check out the stock history of this company, its dropped from $20 to 50 cents. They are burning thru cash faster than Chevy Volts are starting on fire!
Since Chevy Volts don't actually catch on fire very often, if at all, this company must be doing just fine, and the Chinese will get a deal.....while we pretend that the world, it's resources, and technology will never change.
The company's stock has been trading publicly for years archer. Just open up a brokerage account and buy some. I looked at it years ago myself. They are not doing fine, they have always lost money every quarter, and are running out of cash fast. Anyone here is free to buy shares.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
