Chinese-owned auto-parts manufacturer Wanxiang America Corp. won the bidding for A123 Systems Inc. , the government-backed battery maker that has yet to turn a profit, at a bankruptcy auction that ended early Saturday morning, The Wall Street Journal reports.
This week on The Broke and the Beautiful, Busey’s done battling bankruptcy but still owes the IRS, and Braxton open up to “20/20.” Also, Lenny “Nails” Dykstra gets more prison time.
Mark Weitz, president of asset liquidation company Great American Group, explains the bidding rules prior to the start of the auction of the contents of the corporate office
A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, is set to be the unlikely object of a bidding war when its assets hit the auction block on Thursday. Read the Daily Bankruptcy Review article here.
Trustees for creditors left unpaid after the biggest banking failure in U.S. history say they suspect Goldman Sachs Group Inc. of targeting Washington Mutual Inc. , in a naked short-selling scheme.
