Thursday, January 31, 2013

Report: CODA Fending Off Vendors Over Unpaid Bills

Uh oh. Looks like another, Southern California electric car startup is having issues. According to a report from GigaOm Thursday afternoon, Santa Monica-based electric car maker CODA Automotive is embroiled in a number of lawsuits from its vendors, over unpaid bills. According to the report, the issues all stem from a major basic problem: CODA isn't selling enough cars. CODA is not the only local electric car startup facing serious issues right now: Anaheim-based Fisker Automotive, which has a much longer list of woes, apparently is hoping to find a buyer by the end of February, or is at risk of shutting down.

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