Eric Garcetti's Solyndra: As CODA Declares Bankruptcy, Little Hope Seen Of Recouping L.A.'s Investment
CODA Automotive filed for bankruptcy this week, reigniting a controversy over whether the City of Los Angeles should have pledged $1 million to lure the electric car-maker from Santa Monica.
"After years of self-dealing, ethics violations, and record job losses, it's no surprise that another one of Eric Garcetti's pet projects, CODA Automotive, collapsed and is now going bankrupt," said Dave Jacobson, Greuel's spokesman.
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