$12,000 Federal & California Tax Credits Stimulate Economy – Of China!

“A startup California developer of electric cars said Wednesday its first model will be manufactured in China and go on sale in the United States this year.”

“In California, CODA’s sedan will retail for $44,900, or $32,400 after a $7,500 federal tax credit and a $5,000 state government credit, said Forrest Beanum, CODA’s vice president for communications.”

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/03/02/financial/f030701S73.DTL
more here @ “CODA Automotive Death Watch”  :
http://urlet.com/exhausted.edt or:
http://sfcitizen.com/blog/2011/03/02/coda-automotive-deathwatch-day-143-its-official-therell-be-no-electric-car-factory-running-in-the-east-bay-this-year/
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