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Today Coda Holdings, Inc,. announced it was restructuring via voluntary Chapter 11 bankruptcy as a means to exit the automotive side of its business and focus on the energy storage systems side. As filed in the District of Delaware, Coda Holdings has made arrangements to be sold to FCO MA CODA Holdings LLC, an affiliate […]

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California-based Coda Automotive trimmed 15 percent of its workforce last Friday. In a statement released yesterday the electric vehicle manufacturer acknowledged the layoff of approximately 50 employees. News first broke of the decision to euphemistically “right-size” Coda – as the company referred to the layoffs – last Tuesday on PluginCars.com. An anonymous source within Coda revealed […]

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While Saab’s bankruptcy last December is still proving hard to swallow among many in the industry, there’s been no shortage of potential suitors looking to revive the Swedish automaker. Besides Zhejiang Youngman Lotus Automobile Group, which narrowly missed acquiring the automaker and is still in talks with Saab’s receivers, an as yet unnamed Sino-Japanese consortium […]

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On Friday CODA enthusiastically announced it had delivered its all-electric mid-sized sedan to its first three California customers. Two early reservation holders from the Southern California area, and one from up north stepped up to take delivery of their five-passenger batter electric vehicles that are based on Chinese chassis and which receive final assembly in […]

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Coda Automotive’s first production 2012 Coda Sedan drove off the assembly line today, Monday March 12. According to the company, the electric car, built in Benicia, Calif., will soon finally be available for delivery to Coda dealers in California. “This is an incredibly exciting day for the CODA family and the EV community,” said Mac […]

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Despite multiple delays, Coda Automotive chief executive Phil Murtaugh told the media last week he remains confident that sales of his company’s debut vehicle, the electric Coda Sedan, will commence before the end of February. During an interview with The Detroit News, Murtaugh claimed that the $37,250 Coda Sedan is ready to sell as soon […]

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As Coda makes “final preparations” for the debut of its electric sedan initially to the California market this year, its parent company says it has raised an additional $147 million in financing. Coda Holdings has reportedly now raised $300 million since being founded in 2009, and its business also includes units that build lithium batteries […]

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If you want to know when electric cars are within reach of everyday car shoppers, keep your eye on the cost of batteries. According to projections from the Department of Energy and others, the tipping point for mainstream adoption of electric vehicles is around $350 per kilowatt-hour. That’s why electric car enthusiasts took notice when […]

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The Coda all-electric sedan, due late this year, is the underdog in the race for an affordable mass-market pure electric car. As a start-up, it doesn’t have the financial and marketing resources that Nissan and General Motors are putting behind the Leaf and Volt. Unlike Tesla and Fisker, Coda hasn’t received big government loans. So, […]

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California buyers will have the chance to purchase a Chinese-built highway-capable all-electric car by the end of this year. That was the promise made by Coda Automotive CEO Kevin Czinger to a group of about 60 automotive journalists last week. Speaking to a meeting of the Western Automotive Journalists, Czinger revised earlier pronouncements on price, […]

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