6 result(s) displayed (1 - 6 of 6):

A123 IPO carries weight of cleantech world (from Corporate Dealmaker)

Two weeks ago, we asked if lithium-ion battery maker A123Systems Inc. was worth $1 billion. The money-losing startup, backed with both private investments and government money, answered "No," raising the estimated price range of its IPO to $10 to $11.50 per share. On the high end, that would put the...

Posted on September 22, 2009 1:15 PM

Obama bets billions to fuel electric car race (from Corporate Dealmaker)

For a while now we've covered news of automakers driving ahead with plans for electric vehicles and lithium-ion battery makers jostling for position to profit from this initiative. The Wall Street Journal shone its own light on this race and highlighted the government's role.The report said the Energy Department has...

Posted on May 26, 2009 1:14 PM

Electric vehicle market remains red hot (from Corporate Dealmaker)

Electric Motors Corp. (NASDAQ:EMCO) and Gulf Stream Coach are teaming to build electric pickup trucks in Indiana. The aim is to produce 50,000 battery-powered pickups by 2013 by retrofitting light-duty trucks with a plug-in serial hybrid electric powertrain. Gulf Stream chief information officer Mark Smith told pickuptrucks.com the companies will...

Posted on May 19, 2009 11:36 AM

GE increases bet on hybrid vehicles (from Corporate Dealmaker)

General Electric Co. (NYSE:GE) announced plans Tuesday to build a $100 million advanced storage battery manufacturing facility in Albany, N.Y. The factory, which will employ about 350, will be part of GE Transportation and will provide long-lasting batteries to help power hybrid locomotives, boats, mining equipment and other commercial vehicles....

Posted on May 12, 2009 3:40 PM

GE increases A123Systems stake, adds board member (from Corporate Dealmaker)

Lithium-ion battery maker A123Systems Inc. received yet another round of private financing, this time pooling $69 million. General Electric Co. (NYSE:GE) provided $15 million, making it A123's biggest cash investor with more than a 10% stake. Also, Mark Little, GE's senior vice president and director GE Global Research, joined the...

Posted on April 13, 2009 3:37 PM

A123Systems positions for electric car battle (from Corporate Dealmaker)

In January, A123Systems Inc. lost out to a Seoul competitor in the race to get a General Motors Corp. (NYSE:GM) contract to supply lithium-ion batteries for electric cars at a new Michigan plant. So, the eight-year-old Watertown, Mass., company just turned to another U.S. auto giant -- Chrysler LLC.On Monday,...

Posted on April 6, 2009 1:12 PM