A123 ‘hiding true size of claims’

Fisker Automotive, the maker of the sleek Karma plug-in hybrid, has alleged its former battery supplier, bankrupt A123 Systems, is hiding the true amount it owes its creditors, Reuters says. In a filing on Monday with the US Bankruptcy Court in Wilmington, Delaware, Fisker also said that A123 may be overstating how much, and when, creditors would get money from the former maker of lithium-ion batteries for electric vehicles.

A123 filed for bankruptcy last year and most of its assets were sold to Wanxiang Group, China’s largest maker of auto parts.

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