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IBM names Coda a 'GOOD' company

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Well, it can't be a bad thing to be mentioned in the same breath as the Green Bay Packers, though last year would've been better timing.

Electric-vehicle maker Coda Automotive was named in an IBM-led survey as one of 40 so-called "GOOD" companies for its innovations, environmental emphasis and social responsibility.

Coda was recognized among mid-sized (that is, 100 to 1,000 workers) companies as representing a combination of sustainable and creative business practices that further diversity and social good. Other notable companies on the list include Cascade Engineering, Patagonia, Zipcar and, yes, the Green Bay Packers, winners of the 2011 Super Bowl.

Coda, which opened its Los Angeles headquarters late last year, sold its first Coda Sedan EVs in March. The company sells the Sedan with an official 88-mile single-charge range for $39,900. Coda late last month reached a deal with China-based Great Wall Motors to make a vehicle for Europe, China and North America that would undercut most other electric vehicles, pricewise.
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CODA AUTOMOTIVE NAMED ONE OF 40 LEADING BUSINESSES FOR THE GOOD COMPANY PROJECT

Project Highlights 40 Midmarket Businesses That are Working Smarter for a Better World

LOS ANGELES – May 24, 2012 – CODA Automotive, a leading developer of all-electric vehicles and manufacturer of the all-new CODA, has been selected as one of 40 businesses to be profiled in The GOOD Company Project presented by GOOD, an integrated media platform for people and organizations moving the world forward. The project, in collaboration with IBM, highlights 40 businesses, with between 100 and 1,000 employees, for their positive contributions toward economic and social improvement.

The GOOD Company Project selected CODA Automotive for its outstanding leadership, effort, and achievement in sustainability and innovation. Receiving this recognition from The GOOD Company Project is a great confirmation of the positive role CODA Automotive has played, not only creating an economic impact, but a social one as well.

Each company selected excelled in at least two of the identified six core values, characteristic of a good company in the 21st century. The core values are: Innovative, Sustainable, Creative, Socially Responsible, Diverse, and Globalized.

The GOOD Company Project seeks to explore and foster ongoing discussion about the ideas, trends, and firms that will set the tone for business in the 21st century. A list of all 40 companies selected for The GOOD Company Project is presented below.

For more information about The GOOD Company Project and the businesses profiled please visit www.good.is/thegoodcoproject.

The GOOD Company Project: 40 GOOD Businesses

- 72 and Sunny

- Abound Solar

- Adrianna Papell

- Alta Garcia

- Better World Books

- Brookfield Renewable Power

- Cascade Engineering

- Castlight Health

- Cherry Central

- CODA Automotive

- Consert

- Cytori

- DIRTT

- Engine Yard

- Finceramica

- gDiapers

- Gewhandaus Grueber

- GitHub

- Green Bay Packers, Inc

- Honest Tea

- IDEO

- iRobot

- Just Born

- Kasasa

- Keen Footwear

- King Arthur Flour

- Method

- Music Mastermind

- New Seasons Market

- Patagonia

- Powerit Solutions

- Rally Software

- Revolution Foods

- Revolution Prep

- Square

- Sunrise Community Banks

- Sweetgreen

- WET

- Wolff Olins

- Zipcar

ABOUT GOOD

GOOD is the integrated media platform for people who want to live well and do good, and a community for the people, businesses, and NGOs moving the world forward. GOOD's mission is to provide content, experiences, and utilities to serve this community.

GOOD currently produces a website, videos, live events, and a print magazine.

Launched in September 2006, the company has garnered praise for its unique editorial perspective and fresh visual aesthetic and is quickly positioning itself as a significant new voice in our culture.

ABOUT CODA AUTOMOTIVE

Headquartered in Los Angeles, CODA Automotive is a privately held company that designs, manufactures and sells all-electric vehicles. The first CODA EV is a zero emission four-door, five-passenger sedan with a full-size trunk that is designed to meet American drivers' daily transportation needs. Its parent company, CODA Holdings, and its other business lines – CODA EV Propulsion Systems and CODA Energy – develop clean technology products to reduce global dependence on fossil fuels and the social, economic and environmental destruction that follows. For more information, visit www.codaautomotive.com.

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