Looking back on Coda Automotive's 'End Dependence' slogan, in time for the July 4th celebrations.
History sure likes to repeat itself. Case in point: the car formerly known as the Coda Sedan – and previously, the Miles Javlon XS 500, and before that, the XS 200 – was originally going to be announced at the 2007 LA Auto Show. Now, seven years later, it is set to "debut" at that same spectacle as the Mullen 700e. This time, for real.
It remains possible to buy a brand new all-electric Coda Sedan, you just have to know where – and sometimes when – to look. Coda Automotive went bankrupt in May 2013, but we learned last September that Coda Cars had purchased the leftover stock of the company's EVs and would be selling them at "a substantial discount" through its website. That site still doesn't have any prices on it but the Coda was originally priced at $44,900 and then took a steep price drop down to $37,250. Recen
The sun may have set on Coda Holdings' electric vehicle plans in May, but the company hasn't given up on playing in the EV field altogether. Coda Energy, along with Energy Vault and Growing Energy Labs (GELI), will deploy a fast charging Eco-Station in the San Francisco Bay area. The station is powered by a 175-kilowatt solar array and includes a fast-charging system for those looking for a recharge that is both quick and environmentally painless.
As Coda Automotive goes through bankruptcy proceedings, related companies are not escaping the turmoil. Both Lio Energy Systems Holdings and Miles Electric Vehicles asked this week to have their bankruptcy cases jointed administered with Coda's, since they're all tied together.
The dust is starting to settle for Coda Automotive as it wends its way through bankruptcy proceedings. While formal agreements needed to be submitted to the court for approval, the judge granted a request by the parties to sign final orders approving the failed electric carmaker's debtor financing and sale plans.
Anyone who had Coda Automotive in your office pool for the next electric vehicle maker to declare bankruptcy, go on and collect your winnings. Coda announced today it will restructure as an energy storage business after voluntarily filing Chapter 11 bankruptcy in the District of Delaware. The automaker said it expects the sale process to last 45 days.
Another ominous sign for Coda Automotive: multiple lawsuits filed by suppliers who claim they are owed money. This comes after Coda laid of about 50 employees in December and then furloughed a few more in January; news has surfaced of four lawsuits filed since June of last year.
On Friday, January 4th CODA furloughed a number of employees as the Company takes necessary action to bolster its financing and better position the business going forward. The Company has kept in place a sufficient number of staff to keep the Company operational and remains committed to the continued development and distribution of its products. During this period, CODA will continue to provide service to its dealers and customers. While unfortunate, we are confident this temporary action wil
Our friend David Herron recently discovered that charging infrastructure supplier Better Place has added another automaker to its international network – Coda – though the company had yet to announce it. Better Place is known for partnering with Renault overseas to expand its network of charging stations and battery swapping locations.
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