Boeing: New battery system ensures 787 safety

Boeing Co.’s chief engineer for the 787 Dreamliner says changes to the lithium-ion battery are fully sufficient to ensure the aircraft’s safety, although the company has been unable to find the cause of the original battery failures earlier this year that led to groundings of the plane worldwide.

Posted: April 27th, 2013 in Latest Business Stories | Read More »

Chinese company wins bid for US battery maker A123

An A123 Systems Inc. high power Nanophospate Lithium Ion Cell for Hybrid Electric Vehicles battery is displayed in Livonia, Michigan. Bankrupt battery maker A123 Systems Inc. on Sunday, Dec. 9, 2012, said it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp. for $256.6 million. Wanxiang America Corp. won an auction conducted under the supervision of the U.S. Bankruptcy Court for the District of Delaware. (AP Photo/Paul Sancya, File)

Bankrupt battery maker A123 Systems Inc. on Sunday said it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp. for $256.6 million.

Posted: December 10th, 2012 in Latest Business Stories | Read More »

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