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Coda EV startup files for bankruptcy

Electric-car startup Coda Holdings Inc. filed for Chapter 11 bankruptcy Tuesday after producing just 100 of its EV sedans, according to a report from Reuters. Coda filed with U.S.

EVs are Dead, Long Live Tesla says Morgan Stanley analyst

The Tesla Model S is the only successful electric car The experiment of getting the car buying public to believe an electric car is a sensible alternative to an ICE car isn’t an unmitigated failure – but it’s close. And now Investment Bank Morgan Stanley has come out and stated the obvious: Apart from the success of Tesla, electric cars are a failure, falling far short of sales predictions and likely to see no real growth in the coming years. Morgan Stanley declare that we will still all be driving ICE cars for the foreseeable future, and despite predictions that as many as one in ten cars will be BEVs by 2020 the reality is likely to be less than one in a hundred.

Porsche 911 Carrera S Powerkit offers 424 bhp

Porsche is offering a Powerkit for the Carrera S with 424bhp and an Aerokit Cup bodykit for the faux GT3 look. The 2012 Porsche 911 Carrera has only been with us for five minutes but already Porsche are offering more power and some add-on aero bits for a bit of a faux GT3 experience for new 911 owners. On the power front, Porsche Exclusive is offering a Powerkit for the 911 Carrera S which ups its power to 430hp (424bhp) from the regular 400hp.