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the electric car battery maker britishvolt has gone into administration after hopes of a last—minute bid for the company faded. the collapse raises questions about uk hopes of building a home—grown battery industry. the company, which had plans to build a gigafactory to make the uk start—up had been expecting to build a new 5.8 billion — or $4.7 billion — factory in northumberland, as part of a long—term vision to boost uk manufacturing. well, this promotional video shows what the factory — with a capability to make 300,000 electric batteries a year — would have looke...

The electric car battery maker, britishvolt, has gone into administration — after hopes of a last—minute bid for the company faded. the collapse raises questions about uk hopes of building a home—grown battery industry.the company, which had plans to build a gigafactory to make the batteries in northumberland, has appointed administrators at ey after failing to raise enough cash on monday there were no current viable takeover offers.the start—up has been developing a £3.8 billion gigafactory in blyth, northumberland, and received tens of millions of pounds of financial backing from me...

The failure of an electric car battery maker that got nearly $250 million in taxpayer-backed loans. two companies are fighting to buy a123 systems a a rock-bottom price and one of those companies is from china it turns out. stuart varney, anchor of "varney & company" on the fox business network of course. good morning, stewart. what is going on here? >> it is a bidding war. a123 systems makes car batteries for electric cars subsidized by the american taxpayer. it has gone bankrupt. there is bidding war for control of the company and its assets. in one corner, johnson control, that is american ...

Secretary of state hillary clinton says the buck stops with her when it comes to the security situation at the u.s. consulate in libya. prior to the murder of four americans. could her effort to take the blame come back to hurt her boss? plus, another flop. an electric car battery maker joins the green energy company failures. we will explain how much this will cost you. on the topic of money, last year, the government took heat for sending millions to study how six shrimp perform on a treadmill. that is really relevant to your life. [laughter] folks could go nuts when they talk about this rob...

You want to get american energy secured. megyn: governor romney at the first debate, blasting president obama over the long line of failed green energy projects. now there is a new project on that list. an electric car battery maker announcing today that it is filing for bankruptcy after receiving nearly $250 million in your money. more than 100 million in state plus, stuart varney joins us now. he is a host here on fox business network. another one bites the dust here. so how much novartis did this company get? >> they got $249 million worth of grants. that is a check from the taxpayer, plus,...