A news service for the people of Michigan from the Mackinac Center for Public Policy

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A123 Files for Bankruptcy

Yet another failure of central planning

Electric car battery-maker A123 Systems has filed … just a few months ago A123 awarded sweetened … increases top executives at A123 Systems have received. In … more

Job Numbers Vary Widely for Taxpayer Funded Electric Car Battery Maker A123 Systems

MEDC reported hundreds of jobs just prior to company's bankruptcy

… car battery maker A123 Systems was offered … just 16 days before A123 Systems filed for bankruptcy. … ending Sept. 30, 2012, A123 Systems reported having … the jobs number for A123 Systems was taken directly … more

MEDC Removes Video of Obama, Top Dems Praising Failed Battery Company

YouTube promotion showed Obama, Granholm, Levin and Stabenow promising thousands of jobs

… battery manufacturer A123 Systems. At the … Stabenow. Since then, A123 has shed money , … the initial roll-out, A123 is being acquired … initiatives. Michigan gave A123 Systems $100 million … more

A123 Logs Its Own List of Failures

Like Solyndra, hundreds of millions in government subsidies didn't stop company from going bankrupt

… Barack Obama highlighted A123 Systems during a White … way he envisioned. A123 Systems has become … green-energy failures. However, A123 Systems, which has … administration trumpeted A123s Michigan battery plant … more

Government-Backed Green Energy Company Sweetens Package For Top Executives Despite Mounting Problems

In SEC filings, A123 Systems raises 'substantial doubt on the Company's ability to continue'

… lose their jobs. A123 Systems, which opened … Korea in February. A123 Systems, which received … Development Corp. said A123 Systems hasn't received … from them yet. But A123 Systems stated it expects … more

Video Shows President Obama, Top Politicians Praising Failed Green Company

Obama, Granholm, Levin, Stabenow and Energy Secretary Chu all praised troubled battery manufacturer

… subsidized and now-troubled A123 Systems battery manufacturer. The … battery manufacturer A123 Systems. A123 Systems, which opened … was filed against A123 Systems this week on … more

Electric Vehicle Battery Subsidy Failures Evident Early On

Former Gov. Granholm defends her policies in Detroit Free Press article

… to four companies A123 Systems, Dow Kokam, … chronicaling the collapse of A123 Systems. In a September … industry experts called A123 Systems " a risky venture ." Additionally, … Confidential showed how A123 Systems increased the … more

MEDC Boss Says Agency Changing; Has Long History of Backing Bad Companies

A look back at five MEDC-backed failures

… technologies. A123 SYSTEMS The lithium-ion … crowd. The failure of A123 Systems is now well … of November 2012, A123 Systems had spent $115 … Business A123 Files For Bankruptcy Speedshape: … more

Terrible Track Record

Government's 'green' venture capitalism experiment a failure.

… failures like Solyndra, A123 , LG Chem , Energ1 … more

Dead Batteries

… energy” failure as A123 Systems, another battery … more

Environmental Group Praises Michigan For Press Releases About 'Green Jobs'

Past job claims rarely came to fruition

… failure in Michigan was A123 Systems, which Sen. … plant weeks before A123 Systems filed for bankruptcy. In … Companies A123 Files For Bankruptcy - … more

Subsidized Green Energy Company Struggles, Lays Off Workers — Rewards Top Executives

Analyst: 'It looks like they are trying to pad their top people’s wallets in case something really bad happens'

… Chief Financial Officer of A123 Systems the battery … quarters of 2011. A123 Systems also learned … its own employees. A123 Systems had invested … Fisker. Yet, this month A123 s Compensation Committee … more

President Sees Bright Green Future for Battery Jobs; Details Show Reality Still Very Cloudy

… employees. The exception was A123 Systems which has just reached … companies, including A123 Systems, predict they … first place? A123 Systems seems to be … lithium-ion batteries in North America. A123 Systems is headquartered … more
MCC2011-01

“Funny Numbers”

Critics of special business subsidies say state’s economic planners use shaky data to make decisions

… Michigan jobs, and A123 Systems production … projecting for the A123 Systems plant. The state … from April of 2009, A123 Systems plans to create … jobs created by the A123 Systems plant, but jobs … more

Michigan Taxpayers Writing Check to Second Electric Car Battery Maker for $100 Million

… car battery plant, A123 Systems, will receive … 38-0 in Senate. The A123 Systems renaissance … tax credits for both A123 Systems and LG Chem.* … Massachusetts-based A123 Systems is the beneficiary … more

MEDC: The Same Old Run Around On Jobs Numbers

… lithium-ion battery maker, A123 Systems , was one of … The state approved A123 Systems for $100 … three weeks before A123 filed for bankruptcy. … Obviously, companies like A123 know at any given point … more

“…Funny Numbers They Pull Out of Their Backside”

Critics of special business subsidies say state’s economic planners use shaky data to make decisions

… Michigan jobs, and A123 Systems' production … projecting for the A123 Systems plant. The state … from April of 2009, A123 Systems plans to create … jobs created by the A123 Systems plant, but … more

Experts Say State Battery-Plant Subsidy Is a “Risky Venture”

… worthwhile investment is that the A123 Systems plant could … said. Without that, he says the A123 Systems plant in Livonia "will … Adriaens called the A123 plant a risky venture. "We … in 2005. Since then, A123 states that it had net losses … more

Michigan 'Green' Jobs Declining

Despite state's recovering economy, Michigan's 'green' jobs dropped

… notable failures is A123 Systems, which had an … President Obama , but A123 filed for bankruptcy … Companies A123 Files For Bankruptcy - … more
MCC2011-01

Gov. Granholm Touted Jobs Costing Taxpayers $113,000 Each

… subsidies it took to get A123 Systems to put its plant … invisible losers. A123 was awarded $249 million … world thanks to companies like A123 and global leaders in … more

Michigan Governor Touts Jobs Costing Taxpayers $113,000 Each

… subsidies it took to get A123 Systems to put its plant … invisible losers." A123 was awarded $249 million … thanks to companies like A123 and global leaders in … more

State Agency Approves Subsidy Deals Despite Repeated Shortcomings

… car battery maker A123 Systems was approved … Electric Car Battery Maker A123 Systems A123 Logs Its Own List Of … Companies A123 Files For Bankruptcy - … more

Incumbent’s Voting Record, Philosophy Challenged In Michigan's 107th

Rep. Frank Foster vs. Lee Chatfield

… as occurred with A123 Systems in 2012 ? If … steps to prevent the A123 Systems situation from … including those relating to A123 Systems that you bring … more

Michigan Home to Half of the Largest Bankrupt Green Energy Companies

Pushed by former Gov. Granholm, the state has four of the top eight stimulus-backed 'green' failures

… operations included A123 Systems, Azure Dynamics, … jobs exist. A123 Systems had a plant … reports . ~~~~~ See also: A123 Files For Bankruptcy … more

Q A With the MEDC: Verifying Jobs Resulting From Special Government Favors

State Reps call for greater transparency or elimination of program

… in April 2013 for A123 Systems , which was … lithium battery company. A123 Systems was approved … program. In June 2012, A123 Systems announced it … employees; three weeks later A123 Systems declared bankruptcy. … more

Michigan Senate Revives Corporate Welfare Scheme Governor Vowed to End

Bill authorizes $50 million from state for another electric car project

… Michigan workers ( A123 Corporation ), the … In addition to the A123 operation a second electric … Post reports that A123 has received $380 million … more

Cost to Revive Economy With Battery Plant Subsidies: $5 Trillion

… Massachusetts-based A123 Systems will also receive … worker they hire. A123 Systems, which is also … and China. Indeed, A123 Systems all but admits … more

Activist Group Claims Government Subsidized Green Energy Projects Are Worthwhile

The free-market vs. government cronyism

… bankruptcies of Solyndra and A123 Systems as a few falling … Companies A123 Files For Bankruptcy - … more

Everyone Loves Tax Cuts

If liberals don't believe tax cuts create jobs, why do they support corporate welfare programs?

… electric car battery maker A123 Systems brought President … stimulus spending on A123, Johnson Controls, Compact … more

What's in a Number? Job Projections Inflated as 'Job Years'

A case study in how media and researchers can exaggerate economic impact findings

… media. That 2009 company is A123 Systems and the Michigan … semantics." However, as the A123 Systems jobs forecast … more
Chevy Volt

Chevy Volt Costing Taxpayers Up to $250K Per Vehicle

Analyst: 'This might be the most government-supported car since the Trabant'

… $256,824. For example, A123 Systems has received … Fisker will use the A123 system for example) … more

Déjà Vu All Over Again For Auditor General Report On Select Subsidy Programs

Despite failures, taxpayer funded corporate welfare continues

… the battery-maker A123 Systems , and the biofuels … the bankrupt company (A123), met only 19% of the … more

Like most powerful innovations, Uber disrupts the status quo by competing with established business interests. In Washington, D.C., the service was an instant hit with city residents - and almost as quickly found itself at odds with D.C.'s powerful taxi lobby and its allies on the city council.


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