U.S. will not provide A123 with remaining grant money

WASHINGTON Mon Dec 10, 2012 12:45pm EST

WASHINGTON Dec 10 (Reuters) - The U.S. Energy Department will not dole out the remaining half of its $249 million grant to now-bankrupt battery maker A123, a department official said on Monday.

China's Wanxiang Group won an auction over the weekend for most of the assets of A123, which makes lithium ion batteries for electric cars.