Coda Automotive Drops Sedan Pricing

Los Angeles-based CODA Automotive, the electric car startup developing sedans, has dropped the price on its Coda sedan to $39,900. The price drop is $5,000 below the firm's earlier announced pricing of $44,900 for the auto. Coda--which raised a huge, $147M Series D funding in September--opened up a new headquarters in Los Angeles last week in a big event with Governor Jerry Brown. The pricing move was first noted by GigaOm.