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A123 Systems Files For Ch. 11 Bankruptcy

Yet another political football over government incentives for green companies
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Expect tonight’s debate to include at least a few soundbites from GOP candidate Mitt Romney over today’s filing by A123 Systems for Chapter 11 bankruptcy protection. A123 Systems had won a $249 million federal grant to develop lithium ion batteries for motor vehicles, including Fisker and BMW. Batteries produced by …