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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.

Hyundai releases second-generation Genesis renders

Hyundai's second-generation Genesis has been previewed in new renders ahead of its full reveal in Korea later this year. The Genesis, which will hit the carmaker's stand at the North American International Auto Show (NAIAS) in January, is the first model developed with Hyundai's new ‘Fluidic Sculpture 2.0' design language. It features several cues seen on the HCD-14 Genesis concept, unveiled at this year's NAIAS, such as the sharp shoulder line and the single-frame hexagonal grille design. In fact, it's nearly unchanged from the beltline up. At the rear, the sweeping roofline flows to a short trunk lid while the rear lamps wrap around from the tailgate into the rear-quarter panels.

Ferrari sales drop off a cliff

And there’s us thinking Ferrari was immune to the chaos that’s beset car makers all over the world. It’s been revealed that Ferrari’s sales in November dropped by a colossal 85% to just 92 cars, from a normal monthly production of around 600. How can this be?