Battery maker Ener1, a DOE loan recipient, goes bankrupt
Battery maker Ener1, a DOE loan recipient, goes bankrupt
NEW YORK (CNNMoney) -- Electric car battery maker Ener1 filed for bankruptcy Thursday, three years after receiving a $118.5 million grant from the U.S. government.
Ener1 (HEVV), which makes a variety of energy storage devices under different subsidiaries, is the parent company of EnerDel, the car battery division that received the government grant to build a manufacturing plant in Indianapolis.
The company said the "voluntarily initiated" bankruptcy filing won't impact any of its subsidiaries, including EnerDel, and that operations in its factories will continue as normal.
"The restructuring will not adversely impact their employees, customers and suppliers," the company said in a press release.
http://money.cnn.com/2012/01/26/technology/ener1_bankruptcy/index.htm
