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 »

Automotive News
Special Video Report
Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota North America CEO Jim Lentz is a pioneer. He and a handful of other employees moved to north Texas last September to help build the automaker's new U.S. headquarters.
» Watch the Video
News by Brand