CODA files for bankruptcy

It’s a sad story, but not a surprising one. Los Angeles-based electric car maker CODA Holdings has filed for Chapter 11 bankruptcy, saying that it hopes to reinvent itself in the energy storage field. “After concluding a comprehensive review of our strategic options, the Board of Directors, management team and senior lending group have concluded… Read more »

GM CEO: next-generation Volt will see big price drop

GM CEO Daniel Akerson was talking green with Fortune’s Geoff Colvin at this week’s Brainstorm Green conference. He talked about the $90 million that GM saves every year in the US from its energy- and waste-saving policies, and took a dig at the politicians, pointing out that no president since Nixon has articulated a national… Read more »

Mr Fisker goes to Washington

There were few surprises at Thursday’s House hearing on failing carmaker Fisker Automotive. The title of the hearing, Green Energy Oversight: Examining the Department of Energy’s Bad Bet on Fisker Automotive, made it clear up front that Fisker and its DOE champions were in for a roasting. Five witnesses testified, including company co-founder Henrik Fisker,… Read more »