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EV maker Coda trims staff

Not much more could go wrong for electric-car maker Coda, which has struggled to sell its four-door EV in the United States since officially launching it here in March. But Web reports, first seen at www.plugincars.com, say the company laid off 50 employees, or 15 percent of its workforce, last week, mostly in the sales and marketing departments. Efforts by Autoweek to contact Coda have not been successful.

2012 Hyundai Veloster stickers at $18,060

Hyundai has set the base price of the 2012 Veloster with six-speed manual transmission at $18,060, including destination. The three-door Veloster will also be available with six-speed EcoShift dual-clutch transmission for $19,310. Hyundai says it means for the front-wheel-drive car to appeal to the same group of buyers as the Mini Cooper, the Volkswagen Beetle and the Scion tC.

Saab China Deal: Chinese Government support ‘In Principal’

Saab gets encouragement from China Minister Yesterday we had the news that Pang Da and Youngman – the Chinese companies seeking to buy Saab – have outlined the investment they propose to make in Saab. But the deal to sell Saab is fraught with difficulties for Victor Muller. It’s one thing getting someone to say yes, but there are an enormous number of hoops to jump through before any deal can be finalised.