China approves Wanxiang plan to buy bankrupt battery maker A123

trymee submitted on 11/30/2012 Auto Spies Photos Timestamp: 12:35:50 PM

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The Chinese government agreed to a plan by local auto parts maker Wanxiang Group Corp. to acquire bankrupt US battery maker A123 Systems Inc. Wanxiang’s plans, however, depend on the results of an auction set in December 2012 as well as the approval

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China approves Wanxiang plan to buy bankrupt battery maker A123

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