A123's Chinese Bailout Deal Draws Cri...

A123's Chinese Bailout Deal Draws Critics On Capital Hill

There are 1 comment on the Seeking Alpha story from Aug 14, 2012, titled A123's Chinese Bailout Deal Draws Critics On Capital Hill. In it, Seeking Alpha reports that:

As expected, some lawmakers are decrying A123's rescue by Chinese auto tech giant Wanxiang as a giveaway to a "foreign adversary." Since when did China become an enemy of the United States? Since it started bailing out U.S. green technology companies that have backing from the Obama administration, that's when.

Join the discussion below, or Read more at Seeking Alpha.


Yucca Valley, CA

#1 Aug 14, 2012
"Such would appear to be the logic of U.S. Rep. Cliff Stearns, R-Fla., who came out strongly last week against the proposed $450 million deal that would give Chinese auto parts giant Wanxiang Group an ownership stake in the financially struggling -- and federally funded -- lithium-ion battery maker A123 Systems."

Yeah, Blah, blah, blah........ This same crap happened in 2004 when IBM sold their PC manufacturing business to Lenovo. Many in the Federal bureauracy had the same reservations of that sell also. The Treasury department investigated CIFUS and we see how that went, now people are talking Lenovo, no one seems to remember the IBM Think Pad. Industry and manufacturing was the first to go, now intellectual property is flying out of this country at an alarming rate. Que the crickets, the last one out of the country, turn off the Chinese manufactured LED lights.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Electric Vehicle Discussions

Title Updated Last By Comments
News Switching to renewables will not be as rapid as... Fri Solarman 1
News VW Group has nailed down $25 billion of batteri... Mar 15 Solarman 1
News Elon Musk at SXSW: Rockets, electric carsa Mar 12 Solarman 1
News A state election stirs a row about renewable en... Mar 9 Solarman 1
News Volvo's Polestar, VW Unveil New Electric Rivals... Mar 7 Solarman 1
News GM: Double-digit declines for cars, pickups Mar 2 Solarman 1
News The Electrification Era Moves Closer for Cars Feb 28 Solarman 3