A123 B456 System Bankruptcy Plan Approved

B456 Systems, the lithium-ion battery maker formerly known as A123 Systems, won court approval for its bankruptcy plan. It gives unsecured creditors of the company about 65 cents for each dollar owed, Reuters says.

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  • FreedMike Translated: if the manufacturers want the credit, they have to put some money into American workers’ hands. I give that two thumbs, way up. And for the record, this requirement is a walk back from the “union jobs only” restriction from the original BBB, and I give that two thumbs, way up, as well.Sounds like the manufacturers in question should stop whining and start figuring out how to increase their local sourcing.
  • Bobbysirhan After massive bus fire, CT pulls electric fleet from service (middletownpress.com)At least they're following the science.
  • SPPPP I got a kick out of the three paragraphs beginning with "As a reminder..." and ending with "straight(ish) line". In no small part because they showed up twice in the article. As I scrolled past the next picture, I was gleefully excited to see if they would show up a third time. But no, the rest of the article continued as normal. Competent though it was, the magic was gone.
  • SPPPP Just an observation - at $1.66 billion for a target 1,800 buses, that's $922,222.22 per bus. I know they will need chargers, but still ... doesn't that seem pretty un-ambitious? Couldn't they put more than 20,000 Ford E-transit electric vans on the streets for the same price?
  • Kosmo The power figures for the 3.0 diesel are impressive, especially compared to the 3.0 diesel in our 2007 Sprinter.(Ralph Nader enters room) How do those STEEL bumpers affect crash safety?