All EV battery makers -- repeat all -- are suffering from reduced expectations and reduced EV volumes.
The management team in Livonia is one of the leanest in all automotive. The management team signed agreements to stay on -- come heck or high water. Pretty much everyone could have gone elsewhere, for more money, but the A123 team has a large number of True Believers.
Considering that battery R&D is hugely expensive for all companies, look for research costs to stay high if A123 expects to remain competitive.
What, you think the battery business is easy?
Last edited by MichaelM; 08-13-2012 at 09:54 AM. Reason: Less wordy now!
2012 Crystal Red / Black, #10,860, delivered Dec 14, 2011.