U.S. EV maker Coda wins approval to sell assets to Fortress

June 12, 2013 09:28 CET
U.S electric car maker Coda Automotive has won bankruptcy court approval to sell its assets for $25 million to a group of lenders led by Fortress Investment Group.... Read More »



Former Chrysler exec Hausch joins Nissan Europe

May 9, 2013 06:01 CET
Chrysler's former Europe chief, Thomas Hausch, will head Nissan's operations in Germany, Austria, and Switzerland. Hausch started the role with the Japanese automaker on May 1. A German national, Hausch, 47, brings more than 20 years of executive-level experience in the automotive industry to the job. He replaces Vincent Wijnen, who becomes Nissan Europe's head of aftersales.... Read More »


Ailing EV maker Coda files Chapter 11

12:01 am U.S. ET | May 6, 2013
After selling just 100 all-electric sedans, Coda Holdings Inc. filed for Chapter 11 reorganization last week.... Read More »


U.S. EV maker Coda files for bankruptcy

May 1, 2013 12:18 CET
U.S. green car startup Coda Holdings Inc. filed for Chapter 11 bankruptcy protection today after selling just 100 of its all-electric sedans. Coda launched its $37,250 electric car in California a year ago.... Read More »


Coda furloughs workers in new wave of cost cuts

6:31 pm U.S. ET | Jan. 4, 2013
In another sign of Coda Automotive's financial woes, the assembler of Chinese-made electric vehicles furloughed employees Friday, its second round of cost-cutting in the last month.... Read More »


Amid slow sales, Coda idles 50

12:01 am U.S. ET | Dec. 17, 2012
Coda Automotive, the U.S. assembler of Chinese-made electric vehicles, appears to be facing a cash crunch amid sluggish demand for its $38,000 sedan. The company has laid off about 50 employees, representing about 15 percent of its work force.... Read More »


Coda lays off 50 employees amid sluggish sales of EV

6:11 pm U.S. ET | Dec. 11, 2012
Coda Automotive, the struggling producer of Chinese-made electric vehicles, has laid off about 50 employees. The layoffs, representing about 15 percent of Coda's workforce, affected employees from all areas of the company, Forrest Beanum, Coda's senior vice president of government relations and external affairs, said in a statement.... Read More »



Murtaugh's ultimate challenge

12:01 am U.S. ET | Oct. 8, 2012
Don't accuse Coda Automotive CEO Phil Murtaugh of shying away from a challenge. He's selling $38,000 electric vehicles while interest in EVs is tepid. His EVs are made mainly in China, viewed by many Americans as a low-quality manufacturer. And he has a grand total of four dealerships.... Read More »



Coda sedan has range but lacks refinement

12:01 am U.S. ET | Oct. 8, 2012
Coda Automotive Inc.'s electric Coda sedan looks dated and is based on an aging Mitsubishi platform. But it offers a few surprises, such as good range and acceleration.... Read More »


China parts are assembled in Calif.

12:01 am U.S. ET | Oct. 8, 2012
Far from the auto-assembly heartland in the Midwest and South, Coda is using a Bay Area assembly operation -- manned by more than a few former employees of a shuttered nearby General Motors-Toyota plant -- to put the finishing touches on its electric cars.... Read More »


Coda cranks up battery-car sales after California 'soft' start

12:19 pm U.S. ET | Sept. 12, 2012
Coda Automotive, the Los Angeles-based electric-car maker, is boosting production of its namesake sedan and building a 30-dealer network to compete with larger competitors in the slow-growing rechargeable vehicle market.... Read More »



China's automakers aren't ready for the States

12:01 am U.S. ET | Aug. 13, 2012
If you're wondering when Chinese automakers will arrive in the United States with cars and trucks and rock-bottom prices, don't hold your breath. Right now, China's domestic automakers are playing defense. In their home market, they are losing market share to General Motors and other foreign automakers.... Read More »


Coda promises vehicles this week

12:01 am U.S. ET | May 7, 2012
Coda Automotive said it is slowly ramping up production of electric vehicles after repairing damage to parts shipped from China. Coda's Los Angeles dealership is scheduled to receive its first 10 Sedans for sale by midweek.... Read More »



Great Wall plans U.S. r&d center to scout market

12:01 am U.S. ET | April 30, 2012
Great Wall Motor Co., China's biggest seller of SUVs and pickups, plans to build an r&d center in the United States to study the market and position itself to sell cars there, a Great Wall executive said last week.... Read More »


EV startup Coda withdraws request for $334 million U.S. loan

4:11 pm U.S. ET | April 25, 2012
EV startup Coda Automotive said today it has withdrawn its $334 million loan request from the federal Department of Energy after waiting two years for a response.... Read More »


Coda, Great Wall to co-develop EV for sale in 2014

1:36 pm U.S. ET | April 24, 2012
Coda Automotive, a Los Angeles startup electric vehicle maker, plans to co-develop an EV with Chinese automaker Great Wall Motor Co. that will go on sale in the second quarter of 2014.... Read More »


Electric-car revolution faces increasing headwinds

12:01 am U.S. ET | March 24, 2012
A string of setbacks and unfavorable news has led to questions about the readiness of electric cars and raises fresh doubts about a technology that has been around since the late 1890s but is still struggling to win over the public.... Read More »



A Saudi ingredient in Coda's EV melting pot

12:37 am U.S. ET | March 18, 2012
Coda Automotive -- the startup maker of electric vehicles assembled in California from vehicle bodies and powertrains made in China based on an old Mitsubishi platform -- has added a Saudi Arabian investment firm to its roster of stakeholders.... Read More »



Shakeout hits small EV makers

12:01 am U.S. ET | March 12, 2012
Here's a look at how high-profile and less prominent EV makers are faring. Their fate offers a snapshot of the green-car movement.... Read More »


EV maker Coda hires Mitsubishi marketer

12:01 am U.S. ET | March 12, 2012
Startup electric vehicle maker Coda Automotive has hired Mitsubishi's former U.S. marketing boss as its vice president of product planning and marketing.... Read More »


EV maker Coda hires ex-Mitsubishi marketer Adams

1:22 pm U.S. ET | March 7, 2012
Startup electric vehicle maker Coda Automotive has hired Mitsubishi's former U.S. marketing boss as its vice president of product planning and marketing, Coda said late Tuesday.... Read More »



Coda works on its 2nd EV, a small SUV

12:01 am U.S. ET | Feb. 13, 2012
Coda Automotive's electric Sedan hasn't arrived in showrooms yet, but industry sources told Automotive News that Coda is already working on its next model, a small SUV. The company is targeting retail sales in 24 months if development goes smoothly, a source said.... Read More »


Coda looks for EV-friendly, multiline, franchised dealers

12:01 am U.S. ET | Feb. 6, 2012
It's a truism that electric vehicle makers need to target early-adopter buyers. But Coda Automotive CEO Phil Murtaugh also needs to attract early-adopter dealers. With its Sedan EV about to hit the market, Murtaugh said, Coda needs "to find dealers who are pro-green, who believe that electric vehicles are coming." Since Murtaugh's arrival in January 2011, Coda has quietly discarded its plan to sell cars through company-owned stores.... Read More »


Dealer: N. California is the right market for 5 Coda showrooms

12:01 am U.S. ET | Feb. 6, 2012
Shaun Del Grande isn't half-hearted about selling electric vehicles. As one of Coda's initial retailers, Del Grande Dealer Group plans to open five showrooms for the EV brand. Shaun Del Grande, company president, says he figures he's in the right market for it.... Read More »


San Diego retailer: Coda will round out group's alternative-energy lineup

12:01 am U.S. ET | Feb. 6, 2012
David Grundstrom figures that the Coda Sedan will round out the electric-drive lineup he is putting together for environmentally minded Southern California customers. Grundstrom, CEO of Marvin K. Brown Auto Center in San Diego, has Mitsubishi and Fisker franchises, so he offers the Mitsubishi i electric vehicle and the Fisker Karma plug-in hybrid. He is slated to begin selling the Sedan this month.... Read More »


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Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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