As part of it's purchase through bankruptcy of A123 Systems, Chinese auto supplier Wanxiang Group was required to give the company a new name, according to a report from the Detroit Free Press. Wanxiang officials settled on B456 Systems, Inc.
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The company made the name change official by filing documents today with the U.S. Security and Exchange Commission explaining the change. The Massachusetts-based company operated plants in Livonia and Romulus before it filed for Chapter 11 bankruptcy in October. Wanxiang has said it plans to continue maintaining the Michigan plants.
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Ann Arbor’s offices connected to the company were sold to Chicago-based Navitas Systems, who said in February that they plan to double the size of the office from 40 to approximately 80 employees by the end of the year.
Ben Freed covers business for AnnArbor.com. You can sign up here to receive Business Review updates every week. Reach out to Ben at 734-623-2528 or email him at benfreed@annarbor.com. Follow him on twitter @BFreedinA2
