Coda Automotive (formerly Miles Automotive Group)

[doug]

Not at all surprising. What happened to those fleet deals they supposedly had lined up?

Heh... I had previously made a joke about Coda selling in numbers as high as double-digits! Turns out I wasn't wrong.

Exclusive: First Reports of Massive Layoffs at Coda Automotive

The anonymous source said the company had sold fewer than 100 units of its all-electric sedan since it went on sale in March 2012

 

[Discoducky]

Didn't the government buy a whole bunch? Did they really only sell 100?

 

[doug]

Didn't the government buy a whole bunch? Did they really only sell 100?

I thought they had some kind of fleet deal. Maybe that's were the majority of sales are from.

I'm reminded of this thread: Over for the little guys?

 

[TEG]

Poor crash ratings and layoffs at CODA may not be good news for the Better Place Taxi project...
Better Places battery-swapping Coda taxis coming to California in 2014

 

[doug]

Poor crash ratings and layoffs at CODA may not be good news for the Better Place Taxi project...
Better Places battery-swapping Coda taxis coming to California in 2014

With Better Place also having issues, hopefully it will force California to reevaluate how they plan to use those funds.

We have a whole thread on that here: CA spends $3M on 6 EV Taxis

 

[NotTarts]

Another round of layoffs from Coda. Can't say it wasn't expected.

On Friday, January 4th CODA furloughed a number of employees as the Company takes necessary action to bolster its financing and better position the business going forward. The Company has kept in place a sufficient number of staff to keep the Company operational and remains committed to the continued development and distribution of its products. During this period, CODA will continue to provide service to its dealers and customers. While unfortunate, we are confident this temporary action will allow the Company to strategically direct resources towards critical operations and put the Company on a more sustainable path.

More layoffs at Coda Automotive

 

[doug]

2012 Coda Sedan Electric Car Price Slashed to $25,000

The title of the article is misleading. Apparently this was a weekend sale at the Silicon Valley dealership.

 

[DrComputer]

The fate of their flagship store in the Century City mall.... RIP

 

[rolosrevenge]

Coda came to the game too late. They needed their sedan to launch in 2009 if they wanted to be anywhere near successful. Oh well, there's only 2 of the plugin start ups left really, Tesla and Fisker, the latter seems to be near death as well.

 

[doug]

Coda came to the game too late. They needed their sedan to launch in 2009 if they wanted to be anywhere near successful.

Coda's been kicking around in one form or another for some time now. (This thread started in 2007.)

I remember at the end of 2010 when they were just about to finally launch, last minute they announced they were going push back production by a year. By then the Nissan Leaf pricing and already been announced and deliveries were just starting, and Coda was going to push back another year. They were declared toast right then.

Supposedly they're trying to shift their business away from manufacturing cars. That's probably a good idea.

 

[mattjs33]

Coda came to the game too late. They needed their sedan to launch in 2009 if they wanted to be anywhere near successful. Oh well, there's only 2 of the plugin start ups left really, Tesla and Fisker, the latter seems to be near death as well.

Wheego's still at it, 2013's are hitting the market now. See my most recent post here: Wheego Whip - $19,000 highway capable car Q2 2009 - Page 2

 

[doug]

Electric car startup Coda quietly dealing with lawsuits over unpaid bills - GigaOm - Tech News and Analysis

Court records show that startup Coda Automative, already wrestling with layoffs and very slow sales of its first electric car, has been fending off a number of lawsuits for not paying its bills on time. Vendors, including car engineering and development company RLE International (as well as an affiliate contract work company RTECH), vehicle development services company EDAG, and vehicle testing company FEV, have all filed lawsuits against Coda within the last six or so months, alleging that Coda owes them money for services.

Slightly miffed that I sent in a tip about the FEV lawsuit which sparked this article and didn't get an acknowledgement.

 

[doug]

UQM Tech Spills Beans On CODA, Writes Them Off - InsideEVs.com

UQM Technologies, supplier of electric propulsion systems to CODA automotive, reported fiscal third quarter results today, and it so doing let the cat out of the bag when it comes to CODA. They are essentially dead.
...
UQM tech says that CODA is “significantly delinquent in the payment” for their PowerPhase Pro 100 electric propulsion system inside the electric sedan, and they are now writing off that debt ($3,833,860) in their most recent 10-Q because they don’t think CODA can, or ever will, pay.

 

[Doug_G]

UQM Tech Spills Beans On CODA, Writes Them Off - InsideEVs.com

Wow, they're taking a pretty good hit. $3.8 million writeoff, with another $1-$2 million to come.

 

[cwerdna]

Electric car startup Coda quietly dealing with lawsuits over unpaid bills - GigaOm - Tech News and Analysis

Slightly miffed that I sent in a tip about the FEV lawsuit which sparked this article and didn't get an acknowledgement.

I brought up FEV a few weeks ago at CA spends $3M on 6 EV Taxis - Page 2.

Also, FWIW, I discovered that http://www.codaautomotive.com/ seemed down last night and is still down. Is It Down Right Now? Website Down or Not? also said the same thing last night and now. Anyone know what's up with that?

 

[Doug_G]

Maybe they're in arrears on paying their ISP?

 

[doug]

I brought up FEV a few weeks ago at CA spends $3M on 6 EV Taxis - Page 2.

Yes, I had linked her to your post. I was hoping she'd look into the public money going into this taxi thing using two companies that don't seem that stable.

 

[doug]

The Coda website had been down for the past several days, but it looks like this morning they managed to pay the hosting company.

Looking at photos of the four dealerships, you kinda have to feel for these guys.

Locations | CODA Automotive

Locations | CODA Automotive (SAAB in the window)

 

[doug]

Can't help but be reminded of this ad campaign.

 

[bonnie]

Ouch. Scary similar.