Electric car maker Coda wins approval to sell assets to Fortress

The United States Bankruptcy Court for the District of Delaware has approved a plan by electric carmaker Coda Automotive to sell its assets for $25 million to a group of lenders led by Fortress Investment Group. The transaction entails payments of $1.7 million in cash, while the rest will be paid
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randy3023 - 6/14/2013 11:44:45 AM

+3 Boost

ROFL that some investor thought a $40,000 kia rondo would appeal to somebody.

Dexter1 - 6/14/2013 12:06:55 PM

0 Boost

ha ha ha -- good one