Detailed text transcripts for TV channel - FOXNEWS - 20121016:16:54:00
Company once touted by the president apparently biting the dust. an electric car battery maker that got some 250 million tax dollars is filing for bankruptcy. and doug mcelway has more for us from washington on this. >> reporter: the name of the company is a123, a waltham, massachusetts outfit that specializes in lithium ion batteries. it built three plants in 2010 to take advantage of the state's huge tax breaks for battery manufacturers. vice president joe biden hailed the $249 million tax grant to the company. he said with recovery act projects like this we are starting to turn the page on ...
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