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.
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.
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.
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.
The first LA Mobile Arts Festival is in full swing and it seems the event has motivated Coda Automotive to get in touch with the right side of its brain. Following in the long tradition of artistically-altered automobiles, the California-based company has taken a layer of wraps off of the recently-wrapped Coda iPad Art Car.
Sure, Coda Automotive happily announced its first real deliveries of its all-electric Sedan two months ago, but its been quieter since then about the problems it has had with some damaged parts were shipped over from China. A new report from Automotive News says that Coda is repairing the "minor" damage to those parts and that Coda's dealership in Los Angeles should be getting ten EVs to sell by the middle of this week. From there, production and deliveries will increase, said Coda AUtomotive CE
This could be big. It looks like Coda Automotive's follow up to its Sedan might have an especially desirable quality: a low price tag. The California company's cooperative effort with Great Wall Motors has moved on from its LoI (Letter of Intent) status to the official we-are-really-going-forward-with-this stage. As well, the concept behind the vehicle itself has been fleshed out a bit and contracts have been signed, using the Beijing International Motor Show as backdrop.
Just days, after receiving its official EPA numbers the first Sedan from Coda Automotive has rolled off the line at the company's facility in Benicia, CA. The milestone had originally been expected to be reached as early as 2010, but as with many other automotive startups, there have been some delays. Contrary to much naysaying however – along with accusations of being part of a communists plot – Job One has now been achieved and reservation holders should soon start taking delivery
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models