A123 Systems Inc Up For Auction December 6

CNBC reported A123 Systems Inc (PINK:AONEQ) will be auctioned December 6 as U.S. and Chinese auto parts makers bid for the bankrupt lithium-ion battery maker.

As quoted in the market news:

Wanxiang Group Corp, whose rescue deal for A123 unraveled earlier this year, will square off against Johnson Controls Inc <JCI.N> of Milwaukee, the parties told a bankruptcy court on Thursday. Attorneys for NEC Corp <6701.T> of Japan and Siemens AG <SIEGn.DE> of Germany said their companies were also interested in bidding.

Click here to read the full CNBC report.