Boating Safety Is For Life

Tuesday, October 16, 2012

Boat Building News

The following is not directly related to boat building but is related through the production of lithium ion batteries, which are now becoming more common on some high end yachts.

Of course since this is an election year the Republicans will blame it on Obama, and the Democrats will blame it on George Bush,  but really neither one has much to do with why the company failed.  It failed because of global economics, and foreign manufacturers (mostly chinese) producing a much cheaper product. 

Battery builder A123 Systems that won $249 million federal grant files for bankruptcy

Today, A123 Systems filed for bankruptcy, saying much of its assets would be sold after losing $857 million over the past several years. Here's why it failed.

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