Chinese, US auto parts makers to square off in A123 sale

Newswire

* Wanxiang, Johnson Controls agree to Dec. 6 auction * Wanxiang needs regulatory approval for its bid * A123 banker tells court numerous bids expected * A123 filed for bankruptcy protection last month By Tom Hals WILMINGTON, Del., Nov 8 (Reuters) - A U.S. and a Chinese auto parts maker will face each other on Dec. 6 in an auction to buy A123 Systems Inc, a bankrupt maker of batteries for electric cars that was partly ...

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