UPDATE 2-A123 sees 'going concern' risk due to steep losses

Newswire

* A123 projects steep losses; 'going concern' risk * Company overly reliant on Fisker, hurt by slow EV adoption * A123 spent $1.57 for every $1 in Fisker revenue - analyst (Adds background on A123 financial issues, GM comment, analyst comment) By Deepa Seetharaman May 30 (Reuters) - Lithium-ion battery maker A123 Systems Inc said on Wednesday there was "substantial doubt" about its viability because the company expects to burn through cash and report steep losses over the next several ...

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