Johnson Controls Files Appeal of A123 Bankruptcy Sale to Wanxiang

Johnson Controls said today it is appealing the court decision that gave China’s Wanxiang Group approval to buy most of the assets of the bankrupt A123 Systems. U.S. Bankruptcy Judge Kevin Carey approved the sale at a Dec. 11 hearing in Wilmington, saying “the auction was robust, the price is adequate.” Wanxiang beat a joint […]