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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