Blog Archives

CODA enters Chapter 11, will restructure on Coda Energy

CODA Automotive is closing its doors and its parent company, Coda Holdings, is consolidating all operations into its energy storage company, Coda Energy. Pinboard (MacAaron)

Coda Automotive shuts down as parent company refocuses on Coda Energy

Coda Holdings is entering bankruptcy as they seek to restructure the business to focus on their energy storage systems business, a market in which Coda Energy is proving to be successful. Pinboard (MacAaron)

UQM writes off Coda, piling on doubts of Coda’s survival

UQM, Coda Automotive’s drive train train supplier, revealed details of their dealings with Coda, including nonpayment of debts, that Coda hadn’t ordered any drive train systems during 2012, casting doubt on Coda’s ability to survive. Pinboard (MacAaron)

Coda Automotive lets employees go to bolster finances

In an effort to bolster finances amid lackluster sales, Coda Automotive has both fired and furloughed employees from its operations in California. Pinboard (MacAaron)

Coda Automotive furloughs more employees to bolster finances

Struggling electric car maker, Coda Automotive, is going through a second round of releasing employees as the company seeks to firm up their financial position. Pinboard (MacAaron)