David Herron has a good article on the bankruptcy here: http://www.torquenews.com/1075/a123-systems-veers-wanxiang-johnson-controls-and-bankruptcy" onclick="window.open(this.href);return false;.
It ends with Plug In America's quote from Jay Friedland: "Government can help facilitate innovation, but the natural business cycle remains - some failures in any emerging industry are inevitable," says Jay Friedland, Plug In America's legislative director. "Yet, our country is experiencing tremendous success as we electrify transportation. A raft of companies - Johnson Controls, Envia, Saft, GM, and LG Chem among them - are making great strides in driving down battery costs while creating a U.S.-based manufacturing sector for battery technology. This drives down the cost of plug-in vehicles while creating jobs and keeping at home the $1-billion per day we're currently sending overseas for oil, creating a better, safer America."
