A123 Systems Surges 6.4 Percent

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.

Click here to read the full Bloomberg report.