Filing for bankruptcy protection on October 16, A123 Systems, Inc. has already sold its automotive assets. Auto parts maker Johnson Controls will buy the automotive business for $125 million. This may allow Johnson Controls to fulfill A123's battery contracts for General Motors BMW, Fisher Automotive, and others. Of the initial $249 million grant to A123 from the Department of Energy which required matching funds, about $129 million has been drawn down. Johnson Controls will take over factories in Michigan, cathode ray factories in China, and an equity interest in a Chinese battery company. A123 is now in talks to sell its grid, commercial, government, and other operations that were not purchased. Hopefully, the job creation at A123 will continue under new ownership