Word: czinger
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Dates: during 2000-2009
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...Kevin Czinger breaks free of midtown Manhattan's heart-attack traffic and floors what would be the gas pedal in a more conventional car, the only sound is the hiss of the rain outside and something like an accelerating yawn from the electric motor. Czinger is showing off his company's battery-powered car, the Coda Automotive sedan, which emerged in public this June. As one more car to save the planet, the Coda is nice enough. It gets around 100 miles per charge, handles well and - unlike many of its competitors - actually exists in drivable form and not just...
...body is made by another Chinese auto company, Hafei Motor) will run for about $45,000 when it goes on sale in California in 2010. Coda expects to sell about 2,700 cars in the first year, with an annual sales target of around 20,000. For Coda's Czinger, the China connection allows him to keep his costs low and, more importantly, to manufacture on demand, which cuts his risk considerably. There's no other way a startup could compete - even one that just pulled in $24 million in venture capital funding and gave former U.S. Treasury Secretary Hank...