Advisory Council opposes A123 Systems' deal

Nov 28, 2012 | 02:14 PM | Daniel Fitzgerald

Tags  A123 Systems, Wanxiang Group, Johnson Controls, JCI, Strategic Materials Advisory Council, Daniel Fitzgerald

NEW YORK — The Strategic Materials Advisory Council is urging the U.S. government to oppose the proposed acquisition of battery manufacturer A123 Systems Inc. by Chinese automotive parts manufacturer Wanxiang Group Corp.
Such a deal would “result in the loss of American jobs and the transfer of technologies critical to our nation’s infrastructure and military hardware to China,” the council said in a Nov. 27 letter to Treasury Secretary....





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