Advisory Council opposes A123 Systems' deal
Nov 28, 2012 | 02:14 PM
| 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 nations infrastructure and military hardware to China, the council said in a Nov. 27 letter to Treasury Secretary....
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