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 »

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