UPDATE 2-US says will not give battery maker A123 rest of grant

Newswire

By Ayesha Rascoe WASHINGTON, Dec 10 (Reuters) - The U.S. Energy Department will not give A123 Systems Inc. the balance of a $249 million grant, a department official said on Monday, a day after the bankrupt battery maker was bought by a Chinese company. The official, who asked not to be identified because the proceedings are ongoing, said the end of the grant payouts was made clear to all parties who participated in last week's auction for the ...

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