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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.

http://www.greencarcongress.com/2012/08/wanxiang-20120816.ht...
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