Electric Car Company Coda Goes Belly Up

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by hill, May 1, 2013.

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  1. cwerdna

    cwerdna Senior Member

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    The Pacer filing indicates they sold less than 100.

    Found this today...
    City officials react to CODA collapse | The Benicia Herald

    After doing some more digging, I found CODA leaves Benicia | The Benicia Herald from Feb 26, 2013.

    After recall, CODA, city stay positive | The Benicia Herald was from Sept 14, 2012 with this interesting bit...
    If wonder if he/they are going to be in hot water given the 5/1/13 court filing states that "they sold fewer than 100 units".
     
    #21 cwerdna, May 7, 2013
  2. cwerdna

    cwerdna Senior Member

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    UPDATE 2-Affiliates of electric car maker Coda file for bankruptcy| Reuters
    A bit of trivia, Lio is supposed to be oil spelled backwards...
     
    #22 cwerdna, Jun 11, 2013
  3. 100 mph

    100 mph Junior Member

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    Darwin's theory of natural selection at play here. The Coda deserved to go under.
     
    #23 100 mph, Jun 21, 2013
    JMD likes this.
  4. a_gray_prius

    a_gray_prius Rare Non-Old-Blowhard Priuschat Member

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    I can't help but think Coda was never really designed to sell as a car. I get the impression that the car was designed as a proof of concept for EV technology they would develop, and then hoped to sell (the company) or license.
     
    #24 a_gray_prius, Jun 25, 2013
  5. cwerdna

    cwerdna Senior Member

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    Hmmm... that have never occurred to me.

    FWIW Coda Unveils Electric Car Pricing at $45K, Above Volt & LEAF — Tech News and Analysis had their CEO making claims:
    First Coda Electric Car Deliveries Now “Late Fourth Quarter” 2011 | PluginCars.com says
    They didn't make that either. First 2012 Coda Sedan Electric Cars Delivered To Paying Customers happened in March 2012.
     
    #25 cwerdna, Jun 25, 2013
  6. cwerdna

    cwerdna Senior Member

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    Stuff being auctioned off Coda Automotive | CMA Auctions

     
    #26 cwerdna, Jul 21, 2013
  7. cwerdna

    cwerdna Senior Member

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    Phil Murtaugh Exits CEO Position at Coda Holdings | PluginCars.com

    The above article has a bit more inside info about what went wrong...
     
    #27 cwerdna, Jul 23, 2013
  8. cwerdna

    cwerdna Senior Member

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    Coda Cars brings Sedan EV back at 'substantial discount'

     
    #28 cwerdna, Sep 16, 2013
  9. hill

    hill High Fiber Member

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    There's an Irvine CA dealership down the road that still has several brand new Codaa for sale. Same outrageous sticker price as introduced on day one. Any takers? ;)
    I wonder where you'd have to take it to have it worked on ... even for warranty work.
    .
     
    #29 hill, Sep 16, 2013
  10. austingreen

    austingreen Senior Member

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    Offer him $1000 and tell us what he says.
     
    #30 austingreen, Sep 17, 2013
  11. hill

    hill High Fiber Member

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    Are you sure you didn't leave out a zero? ;)
    Considering its 100kW motor - pack size, and active cooling, I'm sure they'd want at least $9k more - despite its 1980's body style. But what the heck ... next time I stop by the local "Hat" pastrami shop on the same block - I'll see what they'll take & report back.
    .
     
    #31 hill, Sep 17, 2013
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  12. austingreen

    austingreen Senior Member

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    They may not get the tax deductions until they are sold. See how low he will go. If you get a tax credit and a hov sticker, some college kid will buy it from you cheap, and you may make a profit. Didn't leave out a 0, just was curious, and didn't think you really wanted the car. A $12K offer and they may take it just to get the thing off the lot.
     
    #32 austingreen, Sep 17, 2013
  13. Sergiospl

    Sergiospl Senior Member

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    #33 Sergiospl, Feb 24, 2014
    cwerdna and austingreen like this.
  14. bwilson4web

    bwilson4web BMW i3 and Model 3

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    So where is Bob Lutz?

    Bob Wilson
     
    #34 bwilson4web, Feb 25, 2014
  15. PriusC_Commuter

    PriusC_Commuter Active Member

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    I'd pay $14k IF I can still get the $7500 federal tax credit and $2500 California tax rebate...
     
    #35 PriusC_Commuter, Feb 25, 2014
  16. cwerdna

    cwerdna Senior Member

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    #36 cwerdna, Nov 19, 2014
  17. GrumpyCabbie

    GrumpyCabbie Senior Member

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    The boss of Coda seems to make questionable decisions;

    Chinese car sales slow

    They're going into China just as sales are falling.
     
    #37 GrumpyCabbie, Nov 19, 2014
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