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Electric cars might not carry the day for A123

By Erin Ailworth

 |  Globe Staff  

  February 15, 2012

The Waltham company recently cut its revenue forecast for 2011 by about 20 percent and laid off a few hundred employees at its Michigan factory after one of its biggest customers, electric-car maker Fisker Automotive, was cut off from hundreds of millions in federal funds because it failed to meet the terms of its government loan. A123’s troubles are emblematic of the struggle of the nascent clean technology industry, which currently relies heavily on government subsidies as it labors away at developing commercially viable products

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