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.
MISC 2012 Coda Sedan News
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.
Conjuring up the always entertaining image of a couple of Bay Area treehuggers going medieval on each other, the debate about whether battery-electric vehicles have priority over plug-in hybrids at publicly accessible charging stations went wide this week. The incident was kicked off when a group of ChargePoint stations in San Francisco were recently commandeered by a fleet of Ford Fusion Energi PHEVs. The incident was relayed via a Reddit post by a rather annoyed BMW ActiveE driver who said tha
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
Plug In Cars is reporting that there have been "massive layoffs" at California electric vehicle startup Coda Automotive. Apparently, more than 50 employees, "including a substantial part of its sales and marketing staff," were let go according to an anonymous source. The source said the situation was a "real mess," and that, "They just cut everybody they possibly could."
The National Highway Traffic Safety Administration tested the 2012 Coda electric sedan, and here is the good news about the results: the Coda scored five stars for the side crash and rollover tests, and four stars overall. What kept it from a five-star overall score is the bad news: a two-star result for its frontal impact test.
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