DETROIT (AP) — Stan Ovshinsky, the self-taught inventor who developed the nickel-metal hydride battery used in the hybrid vehicle industry, has died at his home in suburban Detroit after a fight with cancer. He was 89.
Two Republican senators who raised concerns about the now-scuttled purchase of bankrupt advanced battery maker A123 Systems by a Chinese company on Tuesday renewed their concerns over continued federal funding.
A123 filed for bankruptcy as part of a deal to sell its automotive business, including two Michigan factories, to Johnson Controls, Inc. About $117 million in stimulus money remains to be given to the company from a $249 million manufacturing grant awarded under the economic stimulus in 2009.
The bankruptcy of Energy Department-backed auto battery maker A123 Systems on Tuesday shoved President Barack Obama's renewable energy agenda into the spotlight, just hours before his second debate with Republican challenger Mitt Romney.
But unlike the failure of solar panel maker Solyndra, the original requests for federal money for A123 enjoyed bipartisan support. And Democrats immediately sought to use those facts to blunt the fallout.
Despite the Obama administration's $5 billion investment in electric cars, total sales since 2011 totaled fewer than 50,000 through September, drawing harsh criticism from the Romney campaign, Bloomberg reports.