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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.

New BMW 3-Series (2012) revealed – Update: Prices & HUGE Photo Gallery

New BMW 3 Series (2012) gets revealed If there is a car which defines BMW’s success more than any other, it’s the 3-Series. So the reveal of a brand spanking new BMW 3 Series for 2012 is a big deal. The new 3-Series is a bit bigger and a bit lighter than the current car and is a new BMW from the ground up.

De Tomaso sold by Rossignolo

De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.