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]