Battery maker A123 Systems names new CEO, reorganizes

While the auto industry is expected to make up half of A123's sales this year, the electric grid unit is expected to become its largest business within the next several years. (Jeffrey Sauger/Bloomberg)

October 10, 2013 05:00 AM

DETROIT (Reuters) -- Electric-car battery maker A123 Systems named a new CEO and outlined a new operating strategy as it moves forward after being purchased in bankruptcy by a Chinese company.

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