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  #11  
Old 06-06-2012, 07:42 PM
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Default Re: A123 Having Financial Trouble

Quote:
Originally Posted by JRP3 View Post
I'm not sure that's accurate. Their tab welding machine alignment problem that produced defective pouch cells was in their Livonia Michigan plant.
http://www.greencarcongress.com/2012...-20120326.html
Thanks JRP3, that whole article has a lot less of the FUD tone, and make it sound more like they might be able to weather the storm... I really hope so.
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  #12  
Old 06-06-2012, 08:23 PM
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Default Re: A123 Having Financial Trouble

On the other hand that article is over a month old, things are looking worse since then. I'm an A123 stockholder too

http://www.greencarcongress.com/2012...-20120531.html

Last edited by JRP3; 06-06-2012 at 08:27 PM. Reason: Link
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  #13  
Old 06-06-2012, 09:02 PM
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Default Re: A123 Having Financial Trouble

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Originally Posted by JRP3 View Post
On the other hand that article is over a month old, things are looking worse since then. I'm an A123 stockholder too

http://www.greencarcongress.com/2012...-20120531.html
I see, that sucks then...
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  #14  
Old 06-23-2012, 09:44 PM
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Cool Re: A123 Having Financial Trouble

Gentlemen,

I also was an AONE investor. I have now sold all my shares. A123 will not live much longer, they have too many flaws in their business model. The #1 flaw is only selling product to OEM sales, if they opened their products to the EV conversion world, then they would have doubled their sales. Why can Japan, South Korea, and China sell to OEM and EV conversion shops and A123 cannot?

As much as I want USA to grow with lithium battery sales, I have no pity for stupidity!
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  #15  
Old 06-23-2012, 11:21 PM
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Default Re: A123 Having Financial Trouble

Probably a good time to sell with the recent price bump but I'm waiting to see if they can hang on and do something with the new cells.
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  #16  
Old 06-24-2012, 12:16 AM
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Default Re: A123 Having Financial Trouble

It would be nice if you could buy 24V or 48V, 100 Ah batteries.

I can see how it would be difficult to make full 120V-156V packs for different cars and trucks in a single product, but it would be nice if I could buy a full pack with battery rack right from them or a side company.
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  #17  
Old 06-24-2012, 09:48 AM
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Default Re: A123 Having Financial Trouble

They do make larger packs, that's what went into the Karma. They just don't want to sell to DIYers (and if they did you couldn't afford it), and other channels get you the recalled packs.
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  #18  
Old 06-24-2012, 10:04 AM
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Default Re: A123 Having Financial Trouble

They also make 12V batteries. Don't know if the general public can buy them, and they will probably be much too expensive anyway.
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Old 06-25-2012, 05:00 AM
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Default Re: A123 Having Financial Trouble

Hi. My wild-ass guess is that A123 was trying to cover some other unaccounted for spending when they came up with the recall figure. I just can't believe that a company of this size and volume would have to spend $50M to recall packs. How many exactly did they sell that is costing them this much to fix?

Why would they choose to apply the recall cost all at once is another puzzling move. First of all, that's why they pay insurance. File a claim against the defective packs and let the policy help you pay it off. But if you can't, then split those costs by quarter as you work on the packs. Maybe even push some of the losses for next year. I think they were too quick admitting quilt without having a proper remediation plan that included protecting the company.

JR
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  #20  
Old 06-25-2012, 08:43 AM
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Default Re: A123 Having Financial Trouble

Well they had faulty cells that were failing, they had to act quickly or have a bunch of dead cars or cars that couldn't be manufactured. Companies considering their cells needed confidence that they could deliver.
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