Can battery maker A123 avoid Solyndra’s fate?
As market conditions changed, A123 found new ways to succeed. The Waltham battery maker is hoping CEO David Vieau will once again find his magic touch.
David Vieau, chief executive of A123 Systems Inc., has always managed to find new markets and money just when the advanced battery maker really needed them. A123 now needs Vieau’s magic touch more than ever if it is to avoid becoming the next Solyndra, the bankrupt California solar company that defaulted on more than $500 million in federal loan guarantees. A123 said in a recent regulatory filing that it could run out of cash in four to five months unless it can raise more money.