Tuesday, August 28, 2012

Report: Coda Automotive Sales Sluggish

Santa Monica-based Coda Automotive, the developer of electric cars, seems to be getting a sluggish start to sales, six months after it began selling its first model. According to a report from the Los Angeles Times, the startup has sold only 78 vehicles, at most, based on figures released by the National Traffic Safety Administration (NTSA) along with a recall of the Coda's side air bags. Coda Automotive has not released any official sales figures yet for its electric automobiles.