Electric-car battery maker A123 Systems files for Chapter 11 after years of losses

[NYcarbineer]

But Reagan tripling the debt and Booosh doubling it and causing 90% of Obanma's debt is A-OK LOL! Pub dupes- STILL absolutely CLUELESS...

You're still Butt hurt over the fall of the USSR. Why not move to Cuba?

What fall? Romney still thinks Russia is our biggest threat and wants to throw trillions of dollars at the Cold War.

 

[RoadVirus]

So....how many taxpayer-funded bankruptcies under this administration does this make and what is the total amount of money lost? Anyone know?

 

[Remodeling Maidiac]

Come on people YOU KNOW Obama didn't waste our tax dollars on all these failures. He lined the pockets of his supporters so that they could donate to him again this cycle. The money laundering program was a COMPLETE SUCCESS

 

[rightwinger]

Electric-car battery maker A123 Systems files for Chapter 11 after years of losses

DETROIT — After years of struggling with weak sales and mounting losses, electric-car battery maker A123 Systems filed for bankruptcy protection and reached a deal to sell its automotive assets Tuesday.

Auto parts maker Johnson Controls will pay $125 million for A123’s auto business, which includes two Michigan factories and the lithium-ion battery technology used in cars like the Fisker Karma and upcoming Chevrolet Spark.


A new study suggests that the Fed shouldn't have just cut interest rates. It should have made them negative.

A123’s demise as an independent business reflects the problems of the electric-car industry. Americans have been slow to buy the vehicles because they’re expensive, and many models have limited range and can run out of power on longer trips. Lackluster sales of EVs and batteries left A123 Systems Inc. with huge losses and a plunging market value.

The company’s stock price, which traded for more than $20 on the day of its initial public offering in 2009, fell to 6 cents in late-day trading Tuesday.

Electric-car battery maker A123 Systems files for Chapter 11 after years of losses - The Washington Post

This is what is called backing the losers!!! At least asteroid mining would=more wealth and resources for all of us!

Why do conservatives gloat when alternative energy companies fail?

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

When oil was an emerging energy source....do you know how many gasoline engines failed?

China has no problems with investing in alternative energy

 

[Claudette]

Color me shocked. NOT.

 

[JWBooth]

Why do conservatives gloat when alternative energy companies fail?

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

When oil was an emerging energy source....do you know how many gasoline engines failed?

China has no problems with investing in alternative energy

How many of those failed gasoline engines were developed at taxpayer expense?

 

[Remodeling Maidiac]

Electric-car battery maker A123 Systems files for Chapter 11 after years of losses

DETROIT — After years of struggling with weak sales and mounting losses, electric-car battery maker A123 Systems filed for bankruptcy protection and reached a deal to sell its automotive assets Tuesday.

Auto parts maker Johnson Controls will pay $125 million for A123’s auto business, which includes two Michigan factories and the lithium-ion battery technology used in cars like the Fisker Karma and upcoming Chevrolet Spark.


A new study suggests that the Fed shouldn't have just cut interest rates. It should have made them negative.

A123’s demise as an independent business reflects the problems of the electric-car industry. Americans have been slow to buy the vehicles because they’re expensive, and many models have limited range and can run out of power on longer trips. Lackluster sales of EVs and batteries left A123 Systems Inc. with huge losses and a plunging market value.

The company’s stock price, which traded for more than $20 on the day of its initial public offering in 2009, fell to 6 cents in late-day trading Tuesday.

Electric-car battery maker A123 Systems files for Chapter 11 after years of losses - The Washington Post

This is what is called backing the losers!!! At least asteroid mining would=more wealth and resources for all of us!

Why do conservatives gloat when alternative energy companies fail?

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

When oil was an emerging energy source....do you know how many gasoline engines failed?

China has no problems with investing in alternative energy

Move to China

 

[Some Guy]

Why do conservatives gloat when alternative energy companies fail?

It's not cheering the failure of green energy, it's pointing out that the government throwing money at something isn't the right solution.

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

If a low cost/high efficiency battery is the wave of the future and will wipe out oil altogether then why couldn't someone develop that on their own and reap the rewards on their own? Why does the government need to be responsible for funding it?

When oil was an emerging energy source....do you know how many gasoline engines failed?

It's R&D. It's still going. But let someone who's got the capital, the determination and the drive to see it through to a point where it can compete side by side with oil and let them get rich off of it.

China has no problems with investing in alternative energy

I think it's funny when liberals point to China as an example of what we should be. You do realize that China is a communist country, so you're not helping yourself when critics call you communists.

 

[rightwinger]

Why do conservatives gloat when alternative energy companies fail?

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

When oil was an emerging energy source....do you know how many gasoline engines failed?

China has no problems with investing in alternative energy

How many of those failed gasoline engines were developed at taxpayer expense?

Are you advocating a return to 19th century garage shop R&D?

The US competes in a global market. That market is stocked with companies that are subsidized by their government to develop new proprietary technologies. The government subsidizes or incentivises R&D in medical research, agriculture, communications, transportation and yes...even energy
In R&D, you have to fail many times before you succeed

Why do conservatives gloat when a technology that can reduce reliance on oil fails?

 

[Some Guy]

As an aside, i think if any green energy can take over for oil in terms of powering cars, it's hydrogen fuel cells. Emission is water vapor, you don't have to move all the weight of the battery(ies), the range is much longer and the re-charge time is about as long as filling up your car right now. There's some obstacles to overcome there as well, namely infrastructure and cost, but that's a much better shot than are battery powered cars.

 

[rightwinger]

Electric-car battery maker A123 Systems files for Chapter 11 after years of losses





Electric-car battery maker A123 Systems files for Chapter 11 after years of losses - The Washington Post

This is what is called backing the losers!!! At least asteroid mining would=more wealth and resources for all of us!

Why do conservatives gloat when alternative energy companies fail?

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

When oil was an emerging energy source....do you know how many gasoline engines failed?

China has no problems with investing in alternative energy

Move to China

China is not only taking our manufacturing jobs, they are now taking jobs in alternative energy

Meanwhile, our conservatives block any attempts to push US technology to the forefront

 

[JWBooth]

Why do conservatives gloat when alternative energy companies fail?

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

When oil was an emerging energy source....do you know how many gasoline engines failed?

China has no problems with investing in alternative energy

How many of those failed gasoline engines were developed at taxpayer expense?

Are you advocating a return to 19th century garage shop R&D?

Hardly. There is more than adequate investment income in the private marketplace. Remove disincentives to that R&D by allowing faster write-offs on research losses and eliminate corporate taxes on the resulting new products. Stop picking "preferred" technologies. That is what I advocate.

The US competes in a global market. That market is stocked with companies that are subsidized by their government to develop new proprietary technologies. The government subsidizes or incentivises R&D in medical research, agriculture, communications, transportation and yes...even energy
In R&D, you have to fail many times before you succeed

Why do conservatives gloat when a technology that can reduce reliance on oil fails?

Not being a "conservative" I do not presume to speak for them. I am not gloating over this company's failure. I am annoyed that tax dollars were invested and lost that could have better been left in the pockets of the folks they were hijacked from.

 

[rightwinger]

How many of those failed gasoline engines were developed at taxpayer expense?

Are you advocating a return to 19th century garage shop R&D?

Hardly. There is more than adequate investment income in the private marketplace. Remove disincentives to that R&D by allowing faster write-offs on research losses and eliminate corporate taxes on the resulting new products. Stop picking "preferred" technologies. That is what I advocate.

The US competes in a global market. That market is stocked with companies that are subsidized by their government to develop new proprietary technologies. The government subsidizes or incentivises R&D in medical research, agriculture, communications, transportation and yes...even energy
In R&D, you have to fail many times before you succeed

Why do conservatives gloat when a technology that can reduce reliance on oil fails?

Not being a "conservative" I do not presume to speak for them. I am not gloating over this company's failure. I am annoyed that tax dollars were invested and lost that could have better been left in the pockets of the folks they were hijacked from.

The US invested in the space program and endured numerous setbacks before we put a man on the moon.

Investment in alternative energy has a much greater potential payback than the money we put into the space program

 

[Annie]

Why do conservatives gloat when alternative energy companies fail?

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

When oil was an emerging energy source....do you know how many gasoline engines failed?

China has no problems with investing in alternative energy

Move to China

China is not only taking our manufacturing jobs, they are now taking jobs in alternative energy

Meanwhile, our conservatives block any attempts to push US technology to the forefront

Therein lies the problem when the government decides 'winners and losers':

Falling solar panel prices, trade disputes threaten China’s market share - Business - The Boston Globe

Chinese solar panel makers are under pressure, too
Falling prices, trade fights may cut market share
By Keith Bradsher
| New York Times

August 22, 2012

GUANGZHOU — China’s solar panel manufacturers, who dominate global sales with a two-thirds market share, are confronting growing trade and financial problems, a Chinese industry official acknowledged Tuesday, shortly before one of the largest companies, Trina Solar, announced weak results for the second quarter.

Chinese manufacturers ‘‘face challenges of decreasing margins, decreasing exports, lack of capital, protectionism, and an external environment that continues to deteriorate,’’ said Chen Huiqing, deputy director at the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.

The US Commerce Department has imposed preliminary antidumping and antisubsidy tariffs on Chinese solar panels totaling over 33 percent, though they are subject to further review. A coalition of manufacturers in Europe has asked the European Union to impose antidumping tariffs, as well.

Chen, the lead speaker Tuesday at the Guangzhou International Solar Photovoltaic Exhibition, said representatives from the Chinese industry are in Brussels to persuade European officials not to start a trade investigation into Chinese solar panels. ...

 

[Remodeling Maidiac]

Why do conservatives gloat when alternative energy companies fail?

Don't you want our country at the leading edge of leading technology? Solar/electric technology depends on the emergence of a low cost/high efficiency battery. Without one...oil is the only solution

When oil was an emerging energy source....do you know how many gasoline engines failed?

China has no problems with investing in alternative energy

Move to China

China is not only taking our manufacturing jobs, they are now taking jobs in alternative energy

Meanwhile, our conservatives block any attempts to push US technology to the forefront

First of all conservatives didn't block shit. Obama spent tons of money on this shit and for the most part it failed.

Secondly China is beating us because their govt controls EVERYTHING. They pay their people shit wages and have lower taxes.

Like i said move to China if you think theyre so great.

 

[rightwinger]

Move to China

China is not only taking our manufacturing jobs, they are now taking jobs in alternative energy

Meanwhile, our conservatives block any attempts to push US technology to the forefront

First of all conservatives didn't block shit. Obama spent tons of money on this shit and for the most part it failed.

Secondly China is beating us because their govt controls EVERYTHING. They pay their people shit wages and have lower taxes.

Like i said move to China if you think theyre so great.

It is a global market and the US must compete with China as well as the rest of the world

If China and the EU are subsidizing emerging energy technology and the US is obsessed with "drill baby, drill" we lose out as the new jobs go to those countries

 

[Remodeling Maidiac]

China is not only taking our manufacturing jobs, they are now taking jobs in alternative energy

Meanwhile, our conservatives block any attempts to push US technology to the forefront

First of all conservatives didn't block shit. Obama spent tons of money on this shit and for the most part it failed.

Secondly China is beating us because their govt controls EVERYTHING. They pay their people shit wages and have lower taxes.

Like i said move to China if you think theyre so great.

It is a global market and the US must compete with China as well as the rest of the world

If China and the EU are subsidizing emerging energy technology and the US is obsessed with "drill baby, drill" we lose out as the new jobs go to those countries

Unless you're willing to work for 30 bucks a day stop whining about it. Liberal tax and regulations along with unions keep us uncompetitive.

 

[rightwinger]

In the 1990s, the US took the lead in emerging internet and cell phone technologies. The economy boomed as limitless jobs were created

If I were King, I would create a Manhattan Project to put the US back into the forefront of emerging energy technology. The market is leaving us by. We can no longer compete in manufacturing jobs......energy is one field we can take the lead

Yes, there will be failures....but the plus side is limitless

 

[Remodeling Maidiac]

In the 1990s, the US took the lead in emerging internet and cell phone technologies. The economy boomed as limitless jobs were created

If I were King, I would create a Manhattan Project to put the US back into the forefront of emerging energy technology. The market is leaving us by. We can no longer compete in manufacturing jobs......energy is one field we can take the lead

Yes, there will be failures....but the plus side is limitless

That has nothing to do with solar technology. Nice diversion though

 

[rightwinger]

In the 1990s, the US took the lead in emerging internet and cell phone technologies. The economy boomed as limitless jobs were created

If I were King, I would create a Manhattan Project to put the US back into the forefront of emerging energy technology. The market is leaving us by. We can no longer compete in manufacturing jobs......energy is one field we can take the lead

Yes, there will be failures....but the plus side is limitless

That has nothing to do with solar technology. Nice diversion though

Solar is not an emerging energy technology?

No wonder conservatives insist on keeping us in the stone age