EV startup Canoo is in dire straights and has revealed that 30 of its employees will be furloughed for 12 weeks. While furloughing 30 workers may not seem like much, it represents 23% of its factory ...

Electric vehicle startup Canoo has placed its remaining employees and what it calls a "mandatory unpaid break" through at least the end of the year, TechCrunch reports. The report cites an email sent ...

Things aren’t looking good for the EV startup Canoo. The company had big plans to produce electric trucks and vans that were quite different from the designs we’re used to. Originally called ...

Struggling electric vehicle startup Canoo has filed for bankruptcy and ceased all operations. The startup announced its filing for Chapter 7 bankruptcy on Jan. 17 in the U.S. Bankruptcy Court for ...

Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced ...

OKLAHOMA CITY (KFOR) — A former high-level Canoo employee says he is not shocked the company, which received major financial support from the State of Oklahoma, furloughed all its employees and ...

Canoo seems to be up a creek without a paddle. On December 18, the company sent its employees home on a “mandatory unpaid break,” which is set to last through the end of 2024. As of now, the outlook ...

Over the decade, numerous EV startups have attempted to enter the electric car market with the hopes of becoming the next Tesla, and they've been met with varying degrees of success. Rivian and Lucid ...

Modular EV startup Canoo has had a rough go of things over the past few years, and its journey might well be at its bitter end. CEO Anthony Aquila is set to acquire the bankrupt firm's assets for a ...

Craig has worked in automotive media for nearly 20 years, producing content for publications ranging from Autoline and AutoGuide to Roadshow by CNET and EV Pulse. Aside from writing, he’s also ...

Canoo is running out of cash, with $5.7 million in cash & short-term investments and a $43 Mln loss. I think the company will face issues in raising more funds. Canoo raised $383 million in net debt ...

OKLAHOMA CITY (KFOR) — Canoo announced on Wednesday the company has furloughed 82 employees and will idle its factories in Oklahoma. In a news release, the company says both salaried and hourly ...