San Diego Housing Market News and Analysis
Green techs:: A123 systems...Funded by the U.S., Purchased by China....
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Submitted by flu on December 28, 2012 - 3:16pm
So we heard about the disaster of Solyndra and flushing $535 down the toilet in federal grant.
Some other interesting green tech stories...
A123 Systems makes li-ion batteries for cars (used in Spyker cars for instance)..It received $249million in federal grants...Well, it filed for bankruptcy...Guess who is buying it???? Yup....Wanxiang Group..Buying approximately 80% of the company......
...So essentially what you have our government funded a Green Tech company with $250million, money that either taxpayers paid or will pay....The company goes bellie up....And a company in China is gonna buy it, along with all the intellectual property that has been developed....
Also, interesting article about Tesla....
Why Tesla Needs More Loans to Make it Through 2013
..Meanwhile, people think we need the government to spend more money...ok......
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