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

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

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
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

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

St. Lawrence University economist Steven Horwitz discusses how the minimum wage was used to block immigrants from taking scarce jobs during the depression era. See more at "Raising the Minimum Wage, Lowering Opportunity."


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