Bloomberg reported that A123 Systems Inc. (NASDAQ:AONE) surged 6.4 percent after signing a $450 million agreement with Wanxiang Group.
As quoted in the market news:
A123 advanced to 50 cents at the close. The stock has declined 69 percent this year as the costs of a recall of batteries for plug-in hybrid luxury carmaker Fisker Automotive Inc. prompted unprofitable (AONE) A123 to say it needed to adjust its fundraising.
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