USAEBIKECO
10 kW
Here is a link to the story http://www.cnbc.com/id/100696281
U.S. electric car maker Coda files for bankruptcy
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bowlofsalad
100 kW
Wow, 300 million in private funding and their car still cost 37,000. I was thinking, start small in business, the down side to that is your production cost is higher. But how many cars could they have made with that much cash?
USAEBIKECO
10 kW
The EV market is a tough business. The Fisker Karma went bust too and they got $500 million to make about 100 cars in FINLAND!. Talk about government waste.
bowlofsalad
100 kW
What the hell are these people doing with all this money? I would guess they paid themselves huge salaries.
Ben Wilson
1 W
Looks to me like they just had a lousy business model.
People buying an electric car these days want something special; the "whitegoods with wheels" Coda were selling may be OK in 10-15 years time, but at the moment they needed a hook of some kind.
People buying an electric car these days want something special; the "whitegoods with wheels" Coda were selling may be OK in 10-15 years time, but at the moment they needed a hook of some kind.
USAEBIKECO
10 kW
They spent a ton of money on design and development and it ended up vaporware. Coda was just an ugly looking car. For $30k I would rather get a Chevy Volt.
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