Latham & Watkins Posts

NEC and Siemens Bid For A123 Systems

A123 Systems is the bankrupt lithium-ion automotive battery company that has received bids from at least three foreign rivals.  The company was partially funded by the U.S. Department of Energy.  Johnson Controls of Milwaukee and Wanxiang Group Corporation of China both sent out their bids for A123. Two other bidders that recently joined the auction include NEC Corporation of Japan and Siemens AG of Germany.

Continue reading →