A123 Wins Bankruptcy Exit Plan Approval Under New Name

Bloomberg reported that B456 Systems, the bankrupt lithium-ion battery maker formerly known as A123 Systems, won court approval of its bankruptcy exit plan.

Fisker Alleges A123 Hiding True Size of Creditor Claims

Reuters reported that Fisker Automotive has alleged its former battery supplier, bankrupt A123 Systems, is hiding the true amount it owes its creditors.

Wanxiang’s A123 Systems Acquires Non-Government Assets

A123 Systems LLC, a newly formed, wholly owned subsidiary of Wanxiang America, announced that it acquired substantially all of the nongovernment business assets of A123 Systems, Inc.