Canoo, an electric vehicle maker, furloughs 82 workers and halts Oklahoma factory as it seeks funding.

Canoo Inc., an electric vehicle manufacturer, has furloughed 82 employees and halted factory operations in Oklahoma as it seeks to secure necessary capital for its operations. The company, which designs electric cargo vehicles for commercial and government use, hopes to bring workers back soon. Canoo has struggled financially and is in talks with various capital sources to secure funding.

3 months ago
12 Articles

Further Reading