Reuters: Bankruptcy News: U.S. will not provide A123 with remaining grant money

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U.S. will not provide A123 with remaining grant money Dec 10th 2012, 17:45 WASHINGTON | Mon Dec 10, 2012 12:45pm EST WASHINGTON Dec 10 (Reuters) - The U.S. Energy Department will not dole out the remaining half of its $249 million grant to now-bankrupt battery maker A123, a department official said on Monday. China's Wanxiang Group won an auction over the weekend for most of the assets of A123, which makes lithium ion batteries for electric cars.

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