Coda Automotive lays off 50 in "rightsizing" effort
Electric car startup manufacturer, Coda Automotive, had a layoff on Friday, according to reports published on Tuesday and verified by email from a Coda spokesperson. The layoff was reported by some as "massive" but the spokesperson said there were 50 persons affected, which totaled 15% of the company staff.
The company started several years ago, derived from another electric car startup Miles Automotive. Coda has a partnership with a Chinese automaker and a Chinese battery manufacturer (Lishen). Partially finished cars are shipped to an assembly facility in Benicia CA for final integration and testing before shipment to customers. The first delivery to customers took place in mid-March 2012 with simultaneous deliveries in San Diego, Los Angeles and Silicon Valley.