Coda will delay the launch of its battery-powered sedan until second half of 2011

Article by Christian A., on November 21, 2010

The launch of a battery-powered sedan from Coda Automotive has been delayed until the second half of next year, interim CEO Mac Heller said at the Los Angeles Auto Show. The electric car start-up had Coda planned to begin sales next month.

Heller, who replaced Kevin Czinger as CEO last month, said that the delay was announced in order to "build buffer time into the schedule." But he emphasized that the sedan Coda itself has no problems and is preparing to sell through factory-owned retail outlets.

The sedan features a chassis imported from China that is based on an older model Mitsubishi car that was offered previously in Asia. Last June, Coda applied for a U.S. Department of Energy loan to be used to construct an electric-car battery plant in Ohio.

Heller, an investor in the company who had been vice chairman, is restricted from commenting on it and he would only say that the DOE application is still pending.

Heller asserts that Czinger remains a senior strategic advisor to the company and that Coda is searching for a new CEO as he doesn’t plan on keeping the job. [via autonews - sub. required]

If you liked the article, share on:

Pin It

Comments

Recommended

The German automaker Volkswagen is now racing against time to come up with electric vehicles that will be able to pass Europe and China's stringent emission standard. The car company...
by - March 22, 2017
In the last few years, the advent of compact sedans and crossovers has become quite overwhelming. Even two of the major manufacturers that “started it all” have to admit that...
by - March 22, 2017
By 2020, Audi will be throwing out not just one but three fully-electric vehicles. One of which will be pitted against the BMW i8. This new information was revealed by...
by - March 22, 2017
Tesla confirms that they will be discontinuing the fairly new Model S 60 and 60D sedans as soon as next month. Why, you ask? The company wants to make enough...
by - March 22, 2017
Have you ever wondered how much luxury car companies profit from every vehicle they sell? And which companies profit more? Well, in 2016, Porsche sold over 238,000 vehicles. That is...
by - March 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries