Chrysler Close to Naming Replacement for A123 Systems

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Chrysler Group LLC, the automaker controlled by Fiat SpA, said it will soon name a new battery supplier for its electric vehicles after A123 Systems Inc. said it withdrew from the “diminished” program.

“Our plans for the EV are the same and this does not impact the program timeline,” Katie Hepler, a spokeswoman for Auburn Hills, Michigan-based Chrysler, said today in an e-mail. More details on the supplier may be announced in the “not-too-distant future,” Hepler said.