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Subject:  A123 Going Chinese Date:  8/17/2012  8:44 AM
Author:  BenSolar Number:  1560 of 1791

A123 appears to have found its way out of the financial hole it is in: arranging financing that will ultimately lead to selling a 80% stake of itself to the Chinese automaker Wanxiang.

Desperate situations call for desperate solutions. After the manufacturing error caused the massively expensive recall, A123 was on the ropes.
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