Green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of battery-powered vehicles' failure to break into the mass market.The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business. The company uses the same technology it used in cars to build systems for utilities and building operators to store power.Coda raised over $300 million in private funding during its brief history from high profile names like former Treasury Secretary Henry Paulson and Limited Brands Chief Executive Les Wexner. Now, a group of lenders led by Fortress Investment Group LLC will seek to acquire the company for just $25 million through the bankruptcy process.The company launched its five-passenger electric car in California a year ago, delivering a range of 125 miles on a single charge. The $3...
Involved in alleged hit-and-run incident
U.S. Commerce Secretary John Bryson on Thursday announced his resignation, two weeks after he suffered a seizure and went on medical leave. Bryson sent a letter of r...
Commerce Secretary John Bryson, who has been under investigation for his role in two car crashes earlier this month, said on Thursday he was resigning to "prevent di...
Involved in two car crashes
Commerce secretary to take leave of absence
The House of Representatives is in its seventh week-long recess already
John Bryson cited for felony hit and run in California
John Bryson found unconscious in car after two separate accidents in Los Angeles
Obama Cabinet member John Bryson cited for felony hit-and-run following two car crashes
U.S. Secretary of Commerce John Bryson is being investigated for several hit-and-run car crashes in Southern California on Saturday that police say appear to have be...
Youcef Nadarkhani faces death penalty
Rep. Bill Cassidy of Louisiana has launched an effort to eliminate another area of potential government waste: oil paintings.Cassidy and several other House Republic...
Sen. James Inhofe, (R-Okla.), on Chuck Hagel’s confirmation hearings.
FBN’s Lou Dobbs on the President’s Cabinet members.
FBN’s Lou Dobbs on the President’s lack of meetings with his Cabinet members while meeting on a regular basis with his political advisors.
Chris Stirewalt and AB Stoddard discuss the controversy surrounding Fast and Furious.
Power Play with Chris Stirewalt: Fast and Furious standoff raises toxicity level in Washington, The Mormon thing and Obama fundraising slows, but campaign spending doesn't. Join the live chat...
FBN's Tracy Byrnes breaks down afternoon market news.