Coda Automotive’s bankruptcy is not surprising, though it was surprising that the company was able to play off the good intentions of the green industry for as long as it did.
Coda Holdings has filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. The company is exiting the automotive marketplace and plans to restructure to focus on the energy storage business.
Photos courtesy of CODA Automotive
For the 2012 model year, CODA said it is offering test drives of the car, as well as a $500 fleet incentive.
With the initial assembly of the glider chassis and lithium-ion battery pack conducted in China, all research and design, marketing, and sales are conducted at the manufacturer’s global headquarters in Los Angeles.
You can currently make reservations for the EV online, but the company is still awaiting final EPA and NHTSA certifications.
LOS ANGELES – CODA has started production of its five-passenger electric mid-size sedan. The company said it will offer a 10-year, 100,000-mile battery warranty for the vehicle and a U.S. base MSRP of $39,900.
Here is a collection of the latest breakthroughs, stalls and updates in the quest for alternative fuel and power — including money for fleets to buy electric vehicles and one EV on sale that seems too good to be true.
The CODA four-door sedan will be powered by a 33.8 kwh lithium-ion battery pack, and accelerates 0-60 in less than 11 seconds.
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