Canoo, an electric vehicle company, is out of money and uncertain about its future

Canoo, the failing electric vehicle start-up, thinks it is on the brink of bankruptcy. The company states in clear terms that it only has enough cash to continue for another quarter and doubts it can continue operations after that. Canoo was founded in late 2017 by former BMW chief executive Stefan Krause, who left the faltering electric vehicle startup Faraday Future. Faraday Future sued Krause and some of the other executives who co-founded Canoo – what was […]

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