I am not an expert on OBD/OBD-II, but I know a little on serial ports.
Actually, what you see does not surprise me at all. Serial-port devices usually must operate in exclusive mode, so only one actor can talk to them at a single point of time. There is totally no point in creating multiple threads for that - this will not make your serial port "talk faster", nor it will make the external device (OBD chip) respond faster! This is not a network! To talk to several devices in parallel, you'd need to have actual several cables - and probably also several chips.
ELM327 is the device in your OBD-2 cable. It mediates the communication between the chips in the car and your USB port and exposes a virtual serial port over USB bus. I never heard of any cheap Bluetooth-enabled ELM327 clones, but I know that there are OBD-II Bluetooth adapters - the last I've seen costed about $2000 as it was coming with a large diagnostic software and database of car parts(strike: see comments) and of course worked without any cables. But I think that still it would provide only 1 virtual serial port to talk with 1 device.
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, it reduces readability. – Mullah