Here’s the details of the class action lawsuit filed against Coda Automotive that I referenced yesterday: it’s a complaint that Coda Automotive allegedly violated the WARN Act, that requires large employers to give employees 60 days written notice of mass layoffs. Read more »
Electric car company Coda Automotive has filed for bankruptcy, following slow sales and lawsuits. It’s the latest electric car startup to struggle and falter. Read more »
Fisker is the latest electric car maker to reach out to Chinese investors and auto tech giants for investment and acquisition. And it’s also the latest electric car company to struggle and face a discounted value. Read more »
As electric car startup Coda faces slow sales of its electric sedan, its been hit with a series of lawsuits buy vendors for not payings its bills on time. While the company is dealing with those, the future of the startup is uncertain. Read more »
Yet another electric car startup is having trouble. Coda Automotive is laying off 50 employees — or 15 percent of staff — after a delayed launch, slow sales, and a car recall. The bad news follows Better Place layoffs, and A123 System’s bankruptcy. Read more »
Electric car startup Coda Automotive joins the ranks of its peers that have recalled early cars because of faulty parts. On Sunday Coda recalled 78 of its electric sedans because of a mis-installed side curtain air bag. Read more »
Money from Chinese investors, conglomerates, cities and the government, continues to drive a significant amount of the future of next-generation technology for electric cars. Read more »
Overall, between 2012 and 2017, more than 900,000 light-duty PEVs will be sold in the United States. But there remain hefty inhibitors to mainstream plug-in electric vehicle (PEV) use, including limited vehicle driving range and large battery packs, not to mention steep prices. Read more at GigaOM Pro »
According to local reports, Bright Automotive, which was a spinoff from the not-for-profit think tank Rocky Mountain Institute, and which had been developing a plug-in hybrid car called the IDEA for commercial fleets, plans to close shop. Read more »
Electric car company Coda Automotive is raising more funds as it moves closer to shipping its first electric sedans. According to a filing, the company is looking to raise another $150 million, and has closed $21.5 million of that round. Read more »
Despite Coda just going into production of its inaugural electric sedan, the startup will announce on Friday it’s launching a division that plans to sell its batteries and battery management system to act as energy storage for the power grid. Read more »
If there is one thing to know about the pace of progress for battery innovation, it’s this: There is no Moore’s law for batteries. The rapid progress that has been made over the past decade in silicon and computing makes the pace of innovation in batteries, ... Read more at GigaOM Pro »
Electric vehicle startup Coda Automotive has cut the price tag on its inaugural electric sedan by $5,000 and boosted the warranty on its battery by two years. Read more »
Venture capital investing in cleantech companies was up slightly in the third quarter of 2011, but still continues to focus on large follow-on rounds as investors’ more capital-intensive companies are maturing and need more capital to scale up, and in some cases, reach a commercial stage. Read more »
One of the big hurdles in engineering electric cars is to figure out how to effectively monitor and control the battery systems. For Coda, that means buying EnergyCS to beef up its battery management system development and expand into the grid energy storage market. Read more »
The road hasn’t been easy for Next Autoworks (formerly V-Vehicle), which is backed by Google Ventures, T. Boone Pickens, and Kleiner Perkins. But the way forward has grown even rockier as legislators consider a proposal to shuffle around funds set aside for Next Autoworks’ project. Read more »
Electric car startup Coda Automotive pushed back the launch of their inaugural electric sedan to later this year. Check out my video interview with Coda Automotive VP Chris Paulson on Coda’s upcoming launch of its inaugural electric sedan. Read more »
Is the greentech industry headed for a breakout year or is it retrenching for hard times to come? The first three months of 2011 provided evidence that could support both assertions, with a big rise in venture capital investment and a big drop-off in global energy financing. Solar power remained the largest green technology sector in terms of venture capital investment, while in the world of electric vehicles, GM’s Chevy Volt hybrid and Nissan’s all-electric Leaf — the first two mainstream plug-in vehicles — hit the showroom floors in significant numbers. Meanwhile the smart grid sector’s relative dearth of VC investment was more than made up for by the massive round of acquisitions. Companies mentioned in this report include NRG Energy, Microsoft, Silver Spring Networks, Tesla and BrightSource Energy. For a full list of companies, and to read the full report, sign up for a free trial. Read more at GigaOM Pro »
Electric car startup Coda Automotive has found its new CEO. GM veteran Phil Murtaugh, who launched GM’s Shanghai-based business, is taking over as permanent CEO for interim CEO Steven Heller. Coda’s previous CEO Kevin Czinger stepped down from the company late last year. Read more »
The world’s greentech industry is likely meeting the end of 2010 with a mix of relief and trepidation. Clouds are on the horizon for global investment in renewable energy, and VCs fret about realizing returns on their existing investments. Meanwhile, China boasts the world’s largest population ... Read more at GigaOM Pro »
Sounds like there’s trouble brewing at CODA Automotive, the venture-backed startup which hopes to be one of the first to sell an all-electric sedan to mainstream consumers. Late Friday CODA announced that CEO Kevin Czinger will step down. Read more »
This morning another China electric vehicle partnership has emerged: called the New Energy Sustainable Transportation International Alliance, the group includes auto parts maker Eaton, IBM, development firm AECOM, automaker Beiqi Foton Motor Co., lithium ion battery maker MGL and electric motor producer Broad Ocean. Read more »
Startup Coda plans to start delivering its first all-electric sedan, which has a more reliable, longer range than the Nissan LEAF, to customers in December. The company is also in the process of raising another $125 million and has passed a crucial phase of its DOE loan. Read more »
In the second quarter of 2010, greentech startups scored record venture capital and increased spending despite a weak economy. Solar power retained its lead in greentech venture financing, while global investment for clean energy asset financing fell. China, meanwhile, underscored its rising might in the greentech industry, raising billions of dollars in green energy financing. Read more at GigaOM Pro »
How long should you expect a plug-in car battery — the most expensive part of the vehicle — to last before dwindling storage capacity or other problems leave you longing for a replacement? This question opens a hornet’s nest of vehicle emission regulations. Read more »
