StimulusBacked Battery Maker Goes Bankrupt Ener1 parent of Indybased battery maker EnerDel files bankruptcy Parent Obamabacked goes bankrupt Stimulusbacked for car in Chapter 11 despite U.S. grant ElectricCar Firm That Got Biden Visit $118M Stimulus Files Bankruptcy Received and Funds

Ener1 Wins Court Approval of $13.5 Million in Funding for Bankruptcy Case Ener1 Inc. (HEVVQ) , a maker of lithium-ion car batteries that filed for bankruptcy yesterday, won interim court approval to borrow $13.5 million to finance operations during its reorganization. Ener1, Parent of U.S. Subsidized Battery Unit, Seeks Bankruptcy Ener1 Inc., which owns a company that received a $118 million U.S. Energy Department grant to make electric-car batteries, filed for bankruptcy protection after defaulting on bond debt amid Asian competition. Battery maker Ener1 in Chapter 11 despite U.S. grant Ener1 Inc , which received a $118.5 million Department of Energy grant to make lithium-ion and other batteries for electric cars, filed for bankruptcy protection amid heavy competition and after the demise ... Ener1, Battery Maker, Seeks Chapter 11 Bankruptcy Protection Ener1 Inc., the owner of a company that received a $118 million U.S. Energy Department grant to make electric-car batteries, filed for bankruptcy protection after defaulting on bond debt amid heavy competition from Asia. Ener1, a DOE grant recipient, goes bankrupt Electric car battery maker Ener1 filed for bankruptcy Thursday, three years after receiving a $118.5 million grant from the U.S. government. Battery Maker Ener1 in Chapter 11 Despite US Grant Ener1, which received a $118.5 million U.S. Department of Energy grant to make batteries for electric cars, filed for bankruptcy protection amid heavy competition and after the demise of a large customer. DOE grant recipient Ener1 goes bankrupt Electric car battery maker Ener1 filed for bankruptcy Thursday, three years after receiving a $118.5 million grant from the U.S. government. Battery maker Ener1, a DOE grant recipient, goes bankrupt Electric car battery maker Ener1 filed for bankruptcy Thursday, three years after receiving a $118.5 million grant from the U.S. government. Biden praised stimulus-recipient Ener1 one year before speech praising bankrupt company Vice President Joe Biden praised electric car battery manufacturer Ener1 — the highest Indiana recipient of federal stimulus money for the development of green automobile technology — for the expansion of its workforce on January 26, 2011. Ener1 filed for Chapter 11 bankruptcy on Thursday, exactly one year later. Battery Maker EnerDel/Ener1 Received $118M DOE Grant, Now Filing for Bankruptcy Ener1's EnerDel subsidiary, which is wholly owned, won an $118.5 million grant in August 2009 from the U.S. Department of Energy to develop electric batteries
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References:
http://www.foxnews.com/politics/2012/01/27/parent-obama-backed-battery-maker-goes-bankrupt/
http://www.indystar.com/article/20120127/BUSINESS/201270332
http://rssfeeds.usatoday.com/~r/usatoday-NewsTopStories/~3/kHNsDdTVdIs/1
http://pheed.upi.com/click.phdo?i=f8298f19d1de262c3126373ba7de4bde
http://www.indystar.com/article/20120126/BUSINESS/201260480
http://pixelhat.net/