Canoo furloughs workers and idles factory as it scrapes for cash
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 βadvanced discussions with various capital sourcesβ to raise emergency funding. The announcement comes just a few days after board member James Chen resigned, [β¦]
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