Wanxiang Wins CFIUS Approval to Buy Bankrupt Battery-Maker A123

By Michael Bathon - Jan 29, 2013 10:12 AM ET

Wanxiang Group Co., China’s biggest maker of auto parts, won approval from the Committee on Foreign Investment in the U.S. to buy most of the assets of A123 Systems Inc. (AONEQ), the failed electric-car battery maker backed with U.S. government funds.

To contact the reporter on this story: Michael Bathon in Wilmington at mbathon@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net