The bell has tolled for electric vehicle maker Coda Automotive, which earlier this year laid off almost all of its employees following dismal sales for their all-electric Coda Sedan. Today the EV maker filed for bankruptcy, and going forward will focus on “energy storage solutions.” In other words, Coda, as a carmaker, no longer exists.
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It always sucks to see an innovative company with great ideas go under, and the green energy movement has had its fair share of casualties. But in all honesty, we don’t think anybody is surprised to see electric car maker Coda struggling to make any headway with their Chinese-built EV. With news of more layoffs and dealers slashing prices by 40%, it seems as though the writing is on the wall for Coda.
The Internet has a penchant for drama, and so it was yesterday that a story made the rounds that electric car maker CODA had announced “massive” layoffs…of 50 people. Ok, maybe not so massive, but things are still looking grim for the struggling EV maker and their bland sedan.
As one of the less talked about electric automakers, Coda is struggling to find a marketplace for its innovative-if-boring take on electric sedans. But the California-based automaker plans to take its electric car nationwide in the coming year, working up to a 30-dealer network that spans coast to coast. Coda has to-date delivered around just […]