# Another one bites the dust... (A123)

**URL:** <https://boards.straightdope.com/t/another-one-bites-the-dust-a123/637900>\
**Category:** Miscellaneous and Personal Stuff I Must Share\
**Created:** [October 16, 2012, 4:36pm UTC](https://boards.straightdope.com/t/another-one-bites-the-dust-a123/637900 "2012-10-16T16:36:41Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Diceman](https://avatars.discourse-cdn.com/v4/letter/d/22d042/32.png) [@Diceman](https://boards.straightdope.com/u/Diceman)\
**Post date:** [October 16, 2012, 4:36pm UTC](https://boards.straightdope.com/t/another-one-bites-the-dust-a123/637900/1 "2012-10-16T16:36:41Z")

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A123, maker of electric batteries for (among other companies) Fisker Automotive, has filed for bankruptcy. [Story here.](http://news.cnet.com/8301-11386_3-57533254-76/government-funded-battery-maker-a123-files-for-bankruptcy/?part=rss&subj=news&tag=title) They were another alternative-energy company that had government-backed loans; if you listen hard, you can hear President Obama shouting “Dude, you couldn’t fucking wait until after tonight’s debate to announce this?!”

A123 had a deal with a Chinese company for funding, but apparently they decided not to go through with it. The automotive business is being sold to Johnson Controls (a major-league automotive supplier), and the rest of their assets will be sold off at a later date.