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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.

Jaguar Land Rover U-turn: all three UK plants saved

Jaguar Land Rover today surprised us all by announcing that it wouldn't be closing any of its three UK plants. CEO of Tata Motors Carl-Peter Forster had told CAR as recently as the Paris motor show a few weeks ago that one plant would shut. Instead, today the unions and Jaguar Land Rover hailed a landmark deal to save jobs and all three plants at Castle Bromwich, Solihull and Halewood.

Ferrari 550 Barchetta Zagato GTZ sells at Bonhams

The Ferrari 550 Barchetta Zagato GTZ - fetched £350k at Bonhams Regular readers may remember that we exclusively reported that Zagato were working on five Ferrari 550 Barchettas to create the Ferrari 550 GTZ just over a year ago. That report caused all sorts of grief as Zagato and their photographer threatened us with all manner of hellfire and brimstone for spoiling their secret. The resulting grief meant we had to take down their photos, but our story stood.