A123 Systems renamed B456 Systems following bankruptcy purchase
As part of it's purchase through bankruptcy of A123 Systems, Chinese auto supplier Wanxiang Group was required to give the company a new name, according to a report from the Detroit Free Press. Wanxiang officials settled on B456 Systems, Inc.
AP Photo/Paul Sancya
Ann Arbor’s offices connected to the company were sold to Chicago-based Navitas Systems, who said in February that they plan to double the size of the office from 40 to approximately 80 employees by the end of the year.
Ben Freed covers business for AnnArbor.com. You can sign up here to receive Business Review updates every week. Reach out to Ben at 734-623-2528 or email him at firstname.lastname@example.org. Follow him on twitter @BFreedinA2