California: Because they won't be outdone by other automotive manufacturers,U.S. automakers are now CodaAutomotive, will launch its electriccar variants, after receiving an injection of capital from investorsfor76 million U.S. dollars.
California-based company rocked by crisis November ago said that the capital would be used to prepare the initialprocess of production of Chinese-made electric cars which those will be priced at U.S. 45 000 U.S. dollars.
In early November last year also, Coda announced the resignation of key executives, including the resignation of the president andCEO of Coda, Kevin Czinger. A few weeks later, the companyannounced it would delay the launch of Coda sedan in the U.S.from late 2010 to plan the third quarter of 2011. (Insideline, JAY)
