A123 Video Shows President Obama, Top Politicians Praising Failed Green Company
October 8, 2012|Font size:
This is a previously-uploaded video from the Michigan Economic Development Association that has since been made private. It was uploaded in October of 2010 and title, "Michigan Advanced Battery Capital of North America." The video shows President Obama, former Michigan Gov. Granholm, Senator Levin, Senator Stabenow and Energy Secretary Chu all praising the troubled battery manufacturer.
Since then, the company has shed money, laid off half its workforce, recalled products and seen an erosion of its stock price. Today, just two years after the initial roll-out, the company is being acquired by a Chinese firm.
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