Coda Automotive (formerly Miles Automotive Group)

[vfx]

Here is the Coda store in Century City today

Yummy cupcakes across the way!

 

[doug]

Here's a case study on that Coda store: AIGA | Case Study: CODA Experience Center


It's pretty much the same concept as the GeorgeB Tesla stores. Of course, it helps to have a compelling product.

 

[vfx]

...It's pretty much the same concept as the GeorgeB Tesla stores. Of course, it helps to have a compelling product.

Yeah, they did everything right but push the emotionbutton.

 

[cwerdna]

Just stumbled across this at http://dailybreeze.kaango.com/ad-db-2-11-notice-of-warehouse-lien-sale-please-take-notice-that-in-accordance-with-california-commercial/21594506:

DB 2-11 Notice Of Warehouse Lien Sale Please take notice that, in accordance with California Commercial...
Source: Torrance Daily Breeze

Description

DB 2-11 Notice Of Warehouse Lien Sale Please take notice that, in accordance with California Commercial Code Sections 7209 and 7210, notice having been givien to all parties believed to claim an interest and the time specified for payment in the notice having expired, the undersigned is entitled to a warehouse lien against a quantity of 178 GE Level II EVSE Wall Unit Vehicle Chargers now situated at Custom Goods, LLC 1035 Watson Center Road, CA 90745. The party claiming interest is CODA Automotive, Inc,. Take further notice that that the goods will be sold at public auction for removal only at 9:00am on February 19, 2013 at Custom Goods, LLC, located at 1035 Watson Center Road, Carson, CA 90745. In order to prevent the goods from being sold at the noticed sale, the amount of $56,929.07 must be paid prior to sale date, the amount owed to Custom Goods, LLC for warhouseing services. This amount includes storage and handling charges, publication charges and incidental charges incurred. Additional amounts incurred may be added to this amount, as provided in the Commercial Code. Custom Goods, LLC 1035 Watson Center Road, CA 90745, Att: Billy Cathcart Published: February 5, 12, 2013

 

[AnOutsider]

Charge point or similar might be smart to swoop in and grab those.

 

[doug]

Odd that it looks like they just stopped paying all their bills. I figure you should be able to tell that you're not going to be able to pay ahead of time, and then take action... plan for bankruptcy or whatever else can be done. Not just wait to get sued, the utilities to be shut off, and your stuff repossessed.

 

[DrComputer]

Odd that it looks like they just stopped paying all their bills. I figure you should be able to tell that you're not going to be able to pay ahead of time, and then take action... plan for bankruptcy or whatever else can be done. Not just wait to get sued, the utilities to be shut off, and your stuff repossessed.

That's how a responsible company would work. But if you do file for bankruptcy and you're a startup, don't expect any more people to buy your cars. They probably just figured if they just stopped paying their bills they might be able to sell a few (one or two) more cars.

 

[Doug_G]

Odd that it looks like they just stopped paying all their bills. I figure you should be able to tell that you're not going to be able to pay ahead of time, and then take action... plan for bankruptcy or whatever else can be done. Not just wait to get sued, the utilities to be shut off, and your stuff repossessed.

There's a powerful force in the universe called "denial".

 

[doug]

... a quantity of 178 GE Level II EVSE Wall Unit Vehicle Chargers now situated at Custom Goods, LLC 1035 Watson Center Road, CA 90745. The party claiming interest is CODA Automotive, Inc,. Take further notice that that the goods will be sold at public auction for removal only at 9:00am on February 19, 2013 at Custom Goods, LLC, located at 1035 Watson Center Road, Carson, CA 90745. In order to prevent the goods from being sold at the noticed sale, the amount of $56,929.07 must be paid prior to sale date

So I'm assuming these are the GE WattStations that Coda was giving as an incentive.

They're available at Amazon for $900. GE WattStation Wall Mount - Level 2 EV Charger - 7.2kW, 30A : Amazon.com : Automotive

So Coda has to pay $57K to recover $160K of value. They'd better get their act together.

 

[doug]

The Coda website had been down for the past several days, but it looks like this morning they managed to pay the hosting company.

Looking at photos of the four dealerships, you kinda have to feel for these guys.

View attachment 15894
Locations | CODA Automotive

This one apparently dropped Fisker. Hard to imagine Coda isn't far behind.

 

[doug]

Interesting article how Coda plays into local LA politics.

Eric Garcetti's Solyndra: Mayoral Candidate Pushed $1 Million Deal to Lure Troubled Electric-Car Company - Los Angeles - News - The Informer

The city's contract calls for CODA to refund its [$1 million in city redevelopment] money in full if it moves to another city within five years. But the contract makes no provision for reimbursement if CODA goes bankrupt.

 

[rolosrevenge]

Coda's toast. They were two years too late to market. At least they made some cars but they can't compete against the LEAF and the other compliance cars.

 

[cwerdna]

http://www.codasiliconvalley.com/ is down but it's still listed at Locations | CODA Automotive. CODA Silicon Valley - CLOSED - Santa Clara, CA says the location's closed.

 

[vfx]

Saw one in the wild this week. Would not have known but it says CODA in large letters on the side. More obnoxious than the BMW E graphics.

 

[doug]

http://www.codasiliconvalley.com/ is down but it's still listed at Locations | CODA Automotive. CODA Silicon Valley - CLOSED - Santa Clara, CA says the location's closed.

Hmmm... I kept meaning to go down there to get a test drive.

 

[rolosrevenge]

Coda will be the next to bite the dust. In the whole EV startup race they came in third, Fisker 2nd, but after a few more months only Tesla will be left.

 

[cwerdna]

Hmmm... I kept meaning to go down there to get a test drive.

I test drove it at AltCar Expo last year (yes, I drove down to So Cal, mainly for the show). I was underwhelmed.

Out of the BEVs, EREVs and FCVs I drove, it was the 2nd to worst and a far cry in refinement to the Leaf, Focus Electric and Rav4 EV.

I haven't been in the area of that Silicon Valley dealership in ages, so I don't know if it's really closed. But, I don't see Coda listed at Del Grande Dealer Group | New Chevrolet, Hyundai, Kia, Mazda, Nissan, Subaru, Volkswagen, Fiat, Buick, GMC, Chrysler, Dodge, Jeep, Ram dealership in San Jose, CA 95136 now.

 

[cwerdna]

I posted about a suit that was being filed against Coda at CA spends $3M on 6 EV Taxis - Page 2 awhile ago. I stumbled across one last night and another today...

RLE International, Inc. et al v. CODA Automotive, Inc. :: Justia Dockets Filings
CDH Detroit, Inc. v. CODA Automotive, Inc. :: Justia Dockets Filings

I then realized you could search for ones that involve Coda at Cases filed matching "CODA Automotive, Inc" :: Justia Dockets Filings.

 

[Adm]

Coda files for Chapter 11:

http://www.nytimes.com/reuters/2013/05/01/business/01reuters-coda-chapter11.html?src=busln&_r=1&

 

[dsm363]

Thought that would have happened a long time ago. Amazing they raised $300 million with a car that looked like that though. Still too bad.