Coppola: Lack of Further Government Aid Was A123 Systems' Death Knell
Gabrielle Coppola · The fall of a battery maker still haunts America · Jun 14, 2023 · at 5:55
Automotive journalist Gabrielle Coppola analyzes why battery manufacturer A123 Systems went bankrupt despite early federal backing.
0:00 / 0:08exact quote · 8.9s
720p mp4 · rendered on demand · StarZero watermark
“So I think the fact that the government did not step up further, yeah, I think it was the death knell. That was their last chance, and it didn't come through.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Gabrielle Coppola
Ex-DNI Dennis Blair argued battery manufacturing lacked national security importance
“From Admiral Dennis Blair, who had been the former U.S. Director of National Intelligence under Obama, there's this amazing quote in his op-ed where he says, like, there are many things that the U.S., many technologies the U.S. Should seek to protect lithium-i…”
Coppola: US lost battery dominance due to lack of industrial policy
“It's sort of like this is the consequence of our lack of industrial policy. It's just this big symbolic reminder of how we just dropped the ball of how our system did not work, I don't think. You know, for, it didn't work in terms of long-term strategic bets o…”
Coppola: Marchionne tore up Chrysler's anchor battery deal with A123
“So he ended up That, like, basically ripping up the deal with, ah, A-one-two-three and picking, ah, Bosch. So basically A-one-two-three lost its anchor contract to make, ah, you know, hybrids or make electrified cars.”
Coppola: Manufacturing requires massive upfront capital and volume unlike software
“Anyone who's, you know, familiar with manufacturing, you know, it's a lot tougher than like, oh, hey, I just wrote an app, and now I'm generating some revenue or something. You basically invest billions of dollars or hundreds of millions of dollars up front An…”