A123 Systems
A123 Systems
Battery maker A123 says that steep losses and a faster cash burn over the next several quarters are creating "substantial doubt" about its viability as a going concern. A maker of advanced lithium-ion batteries that it supplies to GM and BMW, among others, A123 received a $249 million grant from the federal government in 2009 and went public the same year. But the recall of 200 Fisker cars in December with A123 batteries cost the company nearly $67 million and left its survival in doubt.

By Alex Taylor III, senior editor-at-large @FortuneMagazine - Last updated June 06 2012: 9:50 AM ET
Join the Conversation
Find Your Next Car

Get the latest car news:

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.