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WSJ Editorial: Electric Car Crash: ‘Massachusetts-based A123 is — or was — part of President Obama’s grand design to build a U.S. electric-car industry more or less from scratch’

WSJ Editorial Excerpt: The Bush Administration gave A123 a $6 million research grant in 2007. But the company hit the jackpot in August 2009 when Mr. Obama’s Department of Energy announced a $249 million grant. No strings attached and not even a taxpayer equity stake. The cash was supposed to build three plants in Michigan […]