Lazard Capital: Chrysler Confirms Using A123 Battery For Fiat EV’s

Posted by Tate Dwinnell | # |
08:23:04 am on April 12, 2010

A123 Systems (AONE) is getting a bit of a pop this morning after Lazard Capital said that Chrysler has confirmed it will use A123 Systems lithium batteries for its Fiat 500 electric cars which are expected to hit the US market in 2012.  Lazard believes this could potentially be a $100 million dollar deal.  That seems a bit far fetched to me, but traders like it this morning sending the stock up about 4% in premarket trading.

===> Click Here For Your FREE A123 Systems Analysis

Tags: a123 systems, aone, fiat 500, lazard capital If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments