Battery Maker A123 Systems in Trouble?
However, after reporting $100- (€80-) million losses earlier in the year, the figure has now grown to $125- (€100-) million for Q1 2012. With revenues falling by 40%, the company only made $10.9- (€8.2-) million so far in 2012, as they had to replace faulty battery cells for Fisker and also restock their inventory.
It would appear that the company will not be able to go on much longer, and with their reported losses and uncertainty, looks like it’s nearing the end of the line for A123 Systems.
Story via greencarcongress.com